Miami Waterfront Condo

$255,000 Cash/Hard Money Only

No bank financing.

Not on MLS yet. Off Market.

7795 NE BAYSHORE CT #502, MIAMI, FL, 33138

1 Bed 1 Bath. 530 SQFT. Move in ready. Vacant

1 Car Parking Spot, the BEST parking spot in the building, under roof covered parking.

Monthly HOA Fee $826 (includes water and special assessment for building repairs)

5 story building with 12 condo units.

Can rent for $2,000 or more per month.

Building needs repairs, elevator broken, only walking up and down the stairs.

Building has city code violation buyer is purchasing with.

The condo Home Owners Association maybe can have a future special assessment to fix the building, they are getting estimates from contractors, each condo unit can have a future between $40,000-$50,000 assessment or the building can be sold if majority of condo owners agree. The building/land is worth over $5,000,000 Million. Next door smaller 3 story building sold on 09/28/2025 for $4,650,000. If this bigger 5 story building sells for $5,000,000 / 12 units = $416,666 potential per unit value if everyone agrees to sell the building.

Click Here for Photos

Click here for 3D Tour

All inspections must be done before contract.

Read to close with our attorney title company.

Showing by appointment only, buyer must show proof of funds.

Text 954-695-8996

cashbuyshouses@protonmail.com