1816 Meridian Ave 5, Miami Beach, FL 33139 — MLS photo

Active · Condominium

$499,000

1816 Meridian Ave 5, Miami Beach, FL 33139

Beds: 2
Baths: 1
Living area: 820 sq ft
$ / sq ft: $609/sq ft
Year built: 1956
Lot size: —
HOA fee: $1,152 Monthly
Annual tax: $6,051

About this property

Nightly Rental is Okay. This property can be rented nightly like a hotel. Investor's Dream!!! Boutique Condo Hotel across from Convention Center. Luxury Turn Key in an excellent Hotel Program. Full Service Management. Fully furnished, (exquisite). 2 bed vacation Home, 1 block from Lincoln Rd. Fully equipped kitchen. Flat screen tv. Very easy to show.

Property location

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1816 Meridian Ave 5, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms: 2
Bathrooms: 1
Living area: 820 sq ft
Flooring: Ceramic Tile
Appliances: Dishwasher, Electric Range, Microwave, Refrigerator, Washer
Cooling: Central Air
Heating: Central
Interior features: Bedroom On Main Level, Breakfast Area, Elevator, First Floor Entry, Living Dining Room

Exterior & Structure

Property type: Condominium
Year built: 1956
Stories: 2
Construction: CBSConcrete Block Structure, Block
Exterior features: Patio
View: Garden

Parking

Garage spaces: 1
Covered spaces: 1
Parking features: One Space

HOA, Community & Financials

Association fee: $1,152 Monthly
Fee inclusions: Other
Amenities: Other
Security: Elevator Secured, Lobby Secured, Security Guard
Pets allowed: No
Annual tax: $6,051
Subdivision: 1818 MERIDIAN HOUSE CONDO
County: Miami-Dade
Days on market: 528
MLS listing ID: A11717898
Listing status: Active

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Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

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Monthly HOA ($)

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Estimated monthly cash flow

-$1,750

Cap rate: 1.5%
Net yield: 1.5%
Cash-on-cash return: -15.0%
Gross yield: 6.8%
Mortgage payment: $2,366/mo
Down payment: $124,750
Loan amount: $374,250
Annual NOI: $7,390

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.