Interior
- Bedrooms
- 0
- Bathrooms
- 1
- Living area
- 0 sq ft
- Flooring
- Laminate
- Appliances
- Refrigerator
- Cooling
- Central Air
- Heating
- Central
- Interior features
- Bedroom On Main Level, First Floor Entry
Active · Condominium
$178,950
544 Michigan Ave 10, Miami Beach, FL 33139
- Beds
- 0
- Baths
- 1
- Living area
- 0 sq ft
- $ / sq ft
- —
- Year built
- 1959
- Lot size
- —
- HOA fee
- $461 Monthly
- Annual tax
- $1,686
About this property
South Beach, in a Co-Op! The unit was remodeled. Walking distance to the beach, Lincoln Road, Ocean Drive, Whole Foods, etc. The unit is very comfortable, with a tenant until June 30, 2027, and pays $1,600 monthly. The building offers parking on a first-come, first-served basis, and good street-parking options. Quick access to the MacArthur Causeway. Excellent location!
Property location
Get Directions544 Michigan Ave 10, Miami Beach, FL 33139
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1959
- Stories
- 2
- Architectural style
- Other
- Construction
- CBSConcrete Block Structure, Block
- Exterior features
- None
- View
- Other
Parking
- Garage spaces
- 1
- Covered spaces
- 1
- Parking features
- Other, One Space, On Street
HOA, Community & Financials
- Association fee
- $461 Monthly
- Fee inclusions
- Common Areas, Sewer, Trash, Water
- Amenities
- Other
- Security
- Complex Fenced
- Pets allowed
- Conditional, Yes
- Annual tax
- $1,686
- Subdivision
- 544 MICHIGAN AVE INC
- County
- Miami-Dade
- Days on market
- 224
- MLS listing ID
- A11923738
- Listing status
- Active
Virtual tour
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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.
Estimated monthly cash flow
-$669
- Cap rate
- 1.2%
- Net yield
- 1.2%
- Cash-on-cash return
- -16.0%
- Gross yield
- 6.6%
- Mortgage payment
- $848/mo
- Down payment
- $44,738
- Loan amount
- $134,213
- Annual NOI
- $2,156
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.