1600 Michigan Ave 1, Miami Beach, FL 33139 — MLS photo

Active · Condominium

$385,000

1600 Michigan Ave 1, Miami Beach, FL 33139

Beds: 1
Baths: 1
Living area: 737 sq ft
$ / sq ft: $522/sq ft
Year built: 1936
Lot size: —
HOA fee: $800 Monthly
Annual tax: $4,546

About this property

Welcome to this spacious 1-bedroom condo in the heart of South Beach! Offering 737 sq. ft., this bright residence features wood floors, a modern kitchen with stainless steel appliances, impact windows, and a sleek bathroom with marble flooring. Enjoy the convenience of an in-unit washer/dryer in a well-maintained building. Just steps from the beach, dining, and nightlife, this condo is the perfect retreat to experience Miami Beach living at its best!

Property location

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1600 Michigan Ave 1, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms: 1
Bathrooms: 1
Living area: 737 sq ft
Flooring: Hardwood, Wood
Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
Cooling: Central Air
Heating: Other
Interior features: Bedroom On Main Level, Breakfast Area, Walk In Closets

Exterior & Structure

Property type: Condominium
Year built: 1936
Stories: 2
Architectural style: Other
Construction: CBSConcrete Block Structure, Block
Exterior features: Security High Impact Doors
View: Garden, Other

Parking

Garage spaces: 0
Covered spaces: 0
Parking features: Other

HOA, Community & Financials

Association fee: $800 Monthly
Fee inclusions: Common Areas, Insurance, Maintenance Structure, Sewer, Trash, Water
Amenities: None
Security: Other
Pets allowed: Conditional, Yes
Annual tax: $4,546
Subdivision: MICHIGAN PLACE CONDO
County: Miami-Dade
Days on market: 171
MLS listing ID: A11882103
Listing status: Active

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

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Estimated monthly cash flow

-$1,082

Cap rate: 2.3%
Net yield: 2.3%
Cash-on-cash return: -12.0%
Gross yield: 7.4%
Mortgage payment: $1,825/mo
Down payment: $96,250
Loan amount: $288,750
Annual NOI: $8,917

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