255 W 24th St 234, Miami Beach, FL 33140 — MLS photo

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255 W 24th St 234, Miami Beach, FL 33140

Active · Condominium

$155,000

255 W 24th St 234, Miami Beach, FL 33140

Beds
0
Baths
1
Living area
250 sq ft
$ / sq ft
$620/sq ft
Year built
1941
Lot size
—
HOA fee
$760 Monthly
Annual tax
$3,299

About this property

Charming and bright fully furnished & all equipped studio located in a safe & quiet neighborhood in the heart of South Beach...PERFECT LOCATION! Only 1 block away from the Beach & a few minutes walking distance from Lincoln Road. Walgreens is located only 1 block away, Publix & Fresh Market at 3 minutes driving. ALL AMENITIES are INCLUDED in the HOA (electricity, water, cable, high speed internet with fiber, janitor on site 6 days a week, pool maintenance, landscaping etc...). The condo offers great amenities: large POOL, mini-gym, tropical garden, bike stations, elevator, 24/7 security doors + video cameras etc...The building just received its 40 years recertification. The pool was renovated about 3 years ago, the engine of the elevator was changed about 2 years ago, Washer/Dryer in the laundry room were changed 2 years ago as well.

Property location

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255 W 24th St 234, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
0
Bathrooms
1
Living area
250 sq ft
Flooring
Tile
Appliances
Electric Range, Microwave, Refrigerator
Cooling
Electric
Heating
Electric
Furnished
Furnished

Exterior & Structure

Property type
Condominium
Year built
1941
Stories
5
Architectural style
Other
Construction
Block
Exterior features
Other
Pool
Association
View
Other

Parking

Garage spaces
0
Covered spaces
0
Parking features
None

HOA, Community & Financials

Association fee
$760 Monthly
Fee inclusions
Association Management, Common Areas, Cable Tv, Electricity, Hot Water, Internet, Pools, Sewer, Trash, Water
Amenities
Bike Storage, Clubhouse, Fitness Center, Laundry, Library, Pool, Storage, Elevators
Security
Closed Circuit Cameras, Lobby Secured, Smoke Detectors
Pets allowed
Size Limit, Yes
Annual tax
$3,299
Subdivision
THE MANTELL CONDO
County
Miami-Dade
Days on market
271
MLS listing ID
A11937897
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

-$1,081

Cap rate
-2.7%
Net yield
-2.7%
Cash-on-cash return
-29.9%
Gross yield
6.8%
Mortgage payment
$735/mo
Down payment
$38,750
Loan amount
$116,250
Annual NOI
-$4,158

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