SOLD – The Plaza on Brickell Unit # 3109

December 12th, 2012 Written By

This one bedroom in the North Tower of The Plaza on Brickell just sold for $303,000 or $474/sq. ft.  Built in 2008, The Plaza is another Related Group project that clearly is appealing to investors.  Located in the North Brickell neighborhood at 951 Brickell Avenue and walking distance to most offices, restaurants and financial institutions, it will be easy for the new owner to lease.

This 639 sq. ft. condo has been finished very nicely and even though it does not have a water view, it went under contract in only 41 days. It was a cash deal and only $7,000 less than the asking price of $310,000.  The Plaza allows a maximum of 2 leases per year, is pet friendly and this unit comes with one assigned parking space.  Monthly maintenance is approx. $335 and 2011 property taxes are recorded at $3,773.  This unit could fetch approximately $2,000/mo in rental income.  So as a cash deal the numbers really work well for an investor.

This property was listed by Blue One Realty, LLC.

We know the numbers and track the Brickell real estate market.  If you would like to schedule a buyer or seller consultation, please feel free to contact us at 305-960-5317 or send us a note here. 

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