Interior
- Bedrooms
- 0
- Bathrooms
- 1
- Living area
- 478 sq ft
- Flooring
- Hardwood, Wood
- Appliances
- Dishwasher
- Cooling
- Electric
- Heating
- Other
- Interior features
- Other
Active · Condominium
$195,000
1611 Michigan Ave 21, Miami Beach, FL 33139
- Beds
- 0
- Baths
- 1
- Living area
- 478 sq ft
- $ / sq ft
- $408/sq ft
- Year built
- 1938
- Lot size
- —
- HOA fee
- $574 Monthly
- Annual tax
- $2,837
About this property
One bed/one bath, exceptionally located few steps from Lincoln, featuring beautiful hardwood floors, nestled in the Monterrey condominium. In the heart of everything: just steps away from stunning beaches and top-notch restaurants. A unique opportunity to experience the city of Miami Beach.
Property location
Get Directions1611 Michigan Ave 21, Miami Beach, FL 33139
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1938
- Stories
- 4
- Architectural style
- Other
- Construction
- Block
- Exterior features
- Fence
- View
- None
Parking
- Garage spaces
- 0
- Covered spaces
- 0
- Parking features
- None
HOA, Community & Financials
- Association fee
- $574 Monthly
- Fee inclusions
- Amenities
- Amenities
- Other
- Security
- Other
- Pets allowed
- No
- Annual tax
- $2,837
- Subdivision
- MONTERREY CONDO
- County
- Miami-Dade
- Days on market
- 205
- MLS listing ID
- A11930640
- 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
-$591
- Cap rate
- 2.1%
- Net yield
- 2.1%
- Cash-on-cash return
- -13.0%
- Gross yield
- 8.6%
- Mortgage payment
- $924/mo
- Down payment
- $48,750
- Loan amount
- $146,250
- Annual NOI
- $3,998
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.