1542 Drexel Ave 107, Miami Beach, FL 33139 — MLS photo

Active · Condominium

$309,000

1542 Drexel Ave 107, Miami Beach, FL 33139

Beds: 1
Baths: 1
Living area: 530 sq ft
$ / sq ft: $583/sq ft
Year built: 1925
Lot size: —
HOA fee: $519 Monthly
Annual tax: $2,750

About this property

ATTENTION INVESTORS, charming residence in the heart of South Beach, fully renovated with modern kitchen design, vinyl floors and brand new stainless stain appliances, The Ruskin condo is a beautiful and historical Art Deco Building, offers a convenient laundry facility on each floor. The building comes with a secured gate entry, a beautiful stone patio and garden area, conveniently located between Espanola way, one block from Lincon Road Mall and steps from the Beach.

Property location

Get Directions

1542 Drexel Ave 107, Miami Beach, FL 33139

Loading property location…

Facts & features

Interior

Bedrooms: 1
Bathrooms: 1
Living area: 530 sq ft
Flooring: Ceramic Tile, Vinyl
Appliances: Built In Oven, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
Cooling: Central Air
Heating: Central
Interior features: Breakfast Bar, Bedroom On Main Level, First Floor Entry, Living Dining Room, Tub Shower

Exterior & Structure

Property type: Condominium
Year built: 1925
Stories: 3
Architectural style: Spanish Mediterranean
Construction: Block
Exterior features: Fence, Patio, Security High Impact Doors
View: Other

Parking

Garage spaces: 0
Covered spaces: 0
Parking features: On Street

HOA, Community & Financials

Association fee: $519 Monthly
Fee inclusions: Hot Water, Laundry, Pest Control, Reserve Fund, Roof, Trash, Water
Amenities: None
Security: Complex Fenced, Intercom, Key Card Entry, Lobby Secured
Pets allowed: Size Limit, Yes
Annual tax: $2,750
Subdivision: THE RUSKIN CONDO
County: Miami-Dade
Days on market: 356
MLS listing ID: A11905562
Listing status: Active

Virtual tour

Explore 3D / Virtual Tour

Investment intelligence

Yield & ROI calculator

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

Down payment (%)

Interest rate (%)

Loan term (yrs)

Monthly rent ($)

Monthly HOA ($)

Property taxes ($/yr)

Home insurance ($/yr)

Vacancy (%)

Estimated monthly cash flow

-$770

Cap rate: 2.7%
Net yield: 2.7%
Cash-on-cash return: -10.7%
Gross yield: 7.0%
Mortgage payment: $1,465/mo
Down payment: $77,250
Loan amount: $231,750
Annual NOI: $8,342

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