Charter Club #5004
+ photos soon
  • Renovated 2024
  • Unobstructed view
  • Italian kitchen
Rent + SaleEdgewaterFloor 50 · Pool

#5004 · Charter Club

600 NE 36th St, Miami, FL 33137

$504,000

$425/sqft · Asking

$3,610/mo

40d on market

2

Beds

2

Baths

1,185

SqFt

// overview

2BR on the 50th floor · Pool exposure

1,185 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.

Suggested offer range

$3,502 $3,574/ mo

Based on the average list-to-final ratio for comparable units in the building (99%). Asking $3,610/mo.

Bedrooms

2

Baths

2

SqFt

1,185

Floor

50

View

Pool

$/sqft

$425

DOM

40d

// numbers · investment analysis

Configure the deal

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

Cap rate

2.5%

NOI / price

Cash-on-cash

-12.9%

Annual / cash invested

$ / sqft

$425

Monthly cash flow

$-1,511

Negative

Loan amount$378,000
Down payment$126,000
Cash invested (incl. ~3% closing)$141,120

Monthly

P&I$2,579
Property tax$819
Insurance$222
HOA$960
Property mgmt$361
Vacancy reserve$181
Total monthly out$5,121
Expected rent$3,610
Monthly cash flow$-1,511

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