Interior
- Bedrooms
- 0
- Bathrooms
- 1
- Living area
- 515 sq ft
Active · Condominium
$245,000
1340 Drexel Ave 406, Miami Beach, FL 33139
- Beds
- 0
- Baths
- 1
- Living area
- 515 sq ft
- $ / sq ft
- $476/sq ft
- Year built
- 1949
- Lot size
- —
- HOA fee
- $412
- Annual tax
- —
About this property
C A S H O N L Y - This RARE “HEART OF SOUTH BEACH STUDIO GEM" is in a recently renovated Art Deco privately gated and secure modern complex. Quality cherry hardwood floors, stainless steel kitchen and appliances, central AC, modern bath with shower, private washer / dryer inside the unit. Close to the beach, the public pool and tennis courts and a gorgeously landscaped courtyard with greenery, a fountain, lounge chairs and tables to relax. Very bright and in excellent condition, new central AC unit. Landlord to pay in full any special assestment at closing. TENANT OCCUPIED @ $ 1800 PER MONTH.
Property location
Get Directions1340 Drexel Ave 406, Miami Beach, FL 33139
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1949
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- Association fee
- $412
- County
- Miami-Dade
- MLS listing ID
- A11932789
- Listing status
- Active
Investment intelligence
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
-$663
- Cap rate
- 2.4%
- Net yield
- 2.4%
- Cash-on-cash return
- -11.6%
- Gross yield
- 7.8%
- Mortgage payment
- $1,161/mo
- Down payment
- $61,250
- Loan amount
- $183,750
- Annual NOI
- $5,977
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.