Charter Club #3103
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  • Smart home
  • Private balcony
For saleEdgewaterFloor 31 · Marina

#3103 · Charter Club

600 NE 36th St, Miami, FL 33137

$302,000

$425/sqft · Asking

1

Beds

1

Baths

710

SqFt

// overview

1BR on the 31th floor · Marina exposure

710 sqft inside Charter Club, a 8-floor tower built in 1980. Charter Club is a 1980 bayfront building under full value-add. DCH is executing a cosmetic + systemic remodel with refi at 75% ARV.

Bedrooms

1

Baths

1

SqFt

710

Floor

31

View

Marina

$/sqft

$425

DOM

41d

// numbers · investment analysis

Configure the deal

Editable assumptions. Defaults from this building's HOA, FL tax and insurance rates.

Cap rate

3.6%

NOI / price

Cash-on-cash

-9.0%

Annual / cash invested

$ / sqft

$425

Monthly cash flow

$-632

Negative

Loan amount$226,500
Down payment$75,500
Cash invested (incl. ~3% closing)$84,560

Monthly

P&I$1,545
Property tax$491
Insurance$133
HOA$575
Property mgmt$249
Vacancy reserve$124
Total monthly out$3,117
Expected rent$2,485
Monthly cash flow$-632

Reference estimates. Not a firm offer. DCH Team can coordinate pre-approval with local lenders.

// the building

Charter Club

Charter Club

Bayfront value-add property. DCH acquired 6 units at $385/sqft with a full remodel + refi at 75% ARV. Target stabilized cap rate: 8.4%.

Units
176
Built
1980
Strategy
BRRRR
Avg rent
Proj $3,100 / mo
View full building report →
// location

600 NE 36th St, Miami, FL 33137

Edgewater · Miami

We already operate inside Charter Club.

We know its rules, tenant profile and live comps. Talk to us before you buy — or list this unit with us if you own it.

Talk to DCH