Charter Club #1206
+ photos soon
  • Italian kitchen
  • In-unit laundry
  • High floor
For saleEdgewaterFloor 12 · Bay

#1206 · Charter Club

600 NE 36th St, Miami, FL 33137

$629,000

$425/sqft · Asking

3

Beds

3

Baths

1,480

SqFt

// overview

3BR on the 12th floor · Bay exposure

1,480 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

3

Baths

3

SqFt

1,480

Floor

12

View

Bay

$/sqft

$425

DOM

42d

// 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

$-1,314

Negative

Loan amount$471,750
Down payment$157,250
Cash invested (incl. ~3% closing)$176,120

Monthly

P&I$3,218
Property tax$1,022
Insurance$278
HOA$1,199
Property mgmt$518
Vacancy reserve$259
Total monthly out$6,494
Expected rent$5,180
Monthly cash flow$-1,314

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