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$245,000

Est. payment - /mo

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1 Bed

1 Bath

544 SqFt

Active

7155 Miami Lakes Dr #P4 Miami Lakes, FL 33014

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Sammy Hernandez

sammysellsmiami@gmail.com +1(786) 203-8671

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 544 sqft

Price per Sqft $450

Subdivision Cypress Village Condo

MLS Listing ID A12072606

Style None

Bedrooms 1

Full Baths 1

HOA Fees $389/mo

HOA Y/N Yes

Leases Per Year 1

Year Built 1972

Annual Tax Amount $2,796

Tax Year 2025

Property Sub-Type Condominium

Property Description

Unit P-04 is a first-floor unit at Cypress Village, one of the most in-demand floor positions in the community for rental purposes. At 544 SF, this one bedroom, one bathroom unit is priced at $245,000 with an HOA of $385.90 per month. This is a great opportunity for an investor or an owner-user looking to occupy the unit while building equity. The unit can be rented in the first year of ownership and leases are required to be annual. The current occupant vacates February 28th and financing is limited to cash or conventional only. For investors, running the numbers with only property tax and HOA as expenses yields approximately a 6% cap rate.

The unit comes with one assigned parking space (Space 706) and there is ample guest parking available throughout the community. Shared laundry facilities are available to all residents. Community amenities include two pools, a tennis court and a clubhouse available for private gatherings. The association maintains healthy reserves, has not been assessed recently, and has no pending or current assessments. The property is well managed, helping ensure owners avoid unexpected additional costs.

The location is a major advantage. Cypress Village is within walking distance to Publix, multiple banks, Main Street dining, hair salons, a movie theater, shops and more. Shula's Gym is also nearby, making this an ideal location for everyday convenience.

Location

State FL

County Miami-dade

Community Cypress Village Condo

Area 20

Interior

Interior Features Bedroom on Main Level, First Floor Entry

Heating Central

Cooling Central Air

Flooring Tile

Appliance Dishwasher, Microwave, Refrigerator, Water Purifier

Exterior

Exterior Feature None

Carport Spaces 1

Amenities Available Clubhouse, Playground, Pool

View Y/N No

View None

Garage No

Private Pool Yes

Building

Architectural Style None

Structure Type Block

Schools

Elementary Schools Miami Lakes

Middle Schools Miami Lakes

Others

Pets Allowed Conditional, Yes

HOA Fee Include Other

Senior Community No

Restrictions OK To Lease

Tax ID 32-20-23-022-3280

Security Features Other,Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listed As-Is

Pets Allowed Conditional, Yes

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12072606

Miami Association of Realtors (SEFMIAMI MLS)

Listed by Trustpoint Realty, LLC.

NEARBY SCHOOL & BUSINESS

+1(786) 203-8671

sammysellsmiami@gmail.com

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