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Old 02-06-2015, 03:25 PM
 
1 posts, read 1,507 times
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I'm looking into moving to NMB. Not very familiar with the area. Been there a couple of times and it seemed decent. I'm 20 still in college and I don't have a huge budget. NMB seems to have a lot of affordable apartments for sale compared to other areas. I'm trying to learn more about the area. What can y'all tell me about it?
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Old 02-06-2015, 03:34 PM
 
Location: Miami Beach, FL/Tokyo, Japan
1,699 posts, read 2,152,879 times
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I live in SoBe, I don't know much about NoBe except it looks very residential when I take alton road down from 195. I'd imagine hence it'd be more expensive but I guess I'm wrong.

SoBe is where the action is, if you get a roomate, it's not as expensive as you think.
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Old 02-06-2015, 03:50 PM
 
Location: Los Angeles (Native)
25,303 posts, read 21,454,917 times
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Quote:
Originally Posted by SDPMiami View Post
I live in SoBe, I don't know much about NoBe except it looks very residential when I take alton road down from 195. I'd imagine hence it'd be more expensive but I guess I'm wrong.

SoBe is where the action is, if you get a roomate, it's not as expensive as you think.
What are places typically going for in SoBe?
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Old 02-06-2015, 04:39 PM
 
Location: Miami Beach, FL/Tokyo, Japan
1,699 posts, read 2,152,879 times
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Quote:
Originally Posted by jm1982 View Post
What are places typically going for in SoBe?
I'm paying 1750 a month for an entire town house on 15th street near Washington. Now split this with 2 people, hell you could do 3 people if you really wanted, it has 2 floors.
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Old 02-06-2015, 04:56 PM
r_k
 
Location: Planet Earth
836 posts, read 2,190,056 times
Reputation: 453
North Beach (NoBe?) is not the same as North Miami Beach (NMB) that OP is asking about. NMB is on the mainland.
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Old 02-07-2015, 11:51 AM
 
Location: Seattle, WA
2,975 posts, read 4,939,956 times
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You may want to look at places that are walking distance to 163rd & Biscayne, which has a planned commuter rail station and re-development. Definitely east of the canal or 15th Ave. and north of 163rd. Close to Skylake shopping center is especially convenient. But the thing is you would need to come up with a large cash down payment, like 50%, and even then getting a place with a mortgage will be difficult, due to: high HOA fees, distressed HOAs, and competition from cash investors. May actually be better to buy a house around there--quite a lot of value around the $200k price point and easier to get a mortgage (probably conventional--many houses have additions and stuff that don't satisfy FHA). But beware the homeowner's insurance is going to kill you for those 1950's homes close to the coast (the main reason I didn't buy myself). Also beware many of those homes are on septic tanks.
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