Interior
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 443 sq ft
- Flooring
- Laminate, Other
- Appliances
- Dryer, Dishwasher, Microwave, Refrigerator, Self Cleaning Oven, Washer
- Cooling
- Central Air
- Heating
- None
- Interior features
- First Floor Entry
398 NE 5th St 2004, Miami, FL 33132
Condominium · Active
$686,900
Miami Foreclosures & Bank-Owned Properties
398 NE 5th St 2004, Miami, FL 33132
- Bedrooms
- 1
- Bathrooms
- 1
- Interior
- 443 sq ft
- Price / sq ft
- $1,551/sq ft
- Built
- 2022
- Lot
- —
The residence
Discover an exceptional opportunity to own at The Elser Hotel & Residences, in the heart of Downtown Miami! This fully furnished junior suite on the 20th floor offers 443 sq. ft. of living space, a functional open-concept layout, modern finishes, an equipped kitchen, in-unit washer and dryer, and a private balcony. Enjoy the perfect combination of comfort, luxury, and convenience in a premier high-rise building featuring resort-style amenities, including a spectacular pool overlooking Biscayne Bay, fitness center, concierge services, valet parking, dining options, and inviting social spaces. Ideally located steps from Miami Worldcenter, Kaseya Center, Bayside Marketplace, Brightline Station, and Downtown Miami's finest restaurants, shopping, and entertainment. Currently operated as a short-term rental through the hotel program, with the option to use another approved rental management company, subject to applicable regulations and agreements. An attractive opportunity for investors or those seeking a Miami getaway. Experience the vibrant Downtown Miami lifestyle at The Elser!
Property location
Get Directions398 NE 5th St 2004, Miami, FL 33132
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 2022
- Stories
- 49
- Architectural style
- High Rise
- Construction
- Brick, Block
- Exterior features
- Security High Impact Doors
- Pool
- Association
- View
- Bay
Parking
- Garage spaces
- 1
- Covered spaces
- 1
- Parking features
- Valet
HOA, Community & Financials
- Association fee
- $2,055 Quarterly
- Fee inclusions
- Amenities
- Amenities
- Elevators, Fitness Center, Other, Pool, Sauna, Spa Hot Tub
- Security
- Key Card Entry, Lobby Secured
- Pets allowed
- Cats Ok, Dogs Ok, Yes
- Annual tax
- $10,640
- Subdivision
- MAP OF MIAMI DADE CO. FL.
- County
- Miami-Dade
- Days on market
- 13
- MLS listing ID
- A12112238
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$2,811
- Cap rate
- 0.8%
- Net yield
- 0.8%
- Cash-on-cash return
- -17.5%
- Gross yield
- 4.7%
- Mortgage payment
- $3,256/mo
- Down payment
- $171,725
- Loan amount
- $515,175
- Annual NOI
- $5,341
Estimates only — includes 5 % maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.