700 16th St 201, Miami Beach, FL 33139 — MLS photo

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700 16th St 201, Miami Beach, FL 33139

Active · Condominium

$279,000

700 16th St 201, Miami Beach, FL 33139

Beds
1
Baths
1
Living area
428 sq ft
$ / sq ft
$652/sq ft
Year built
1941
Lot size
—
HOA fee
$712 Monthly
Annual tax
$3,530

About this property

Wonderful corner 1 bedroom 1 bathroom apartment facing south-east just steps to Lincoln Rd Mall. Well divided and full of natural light, it features an independent entrance thru 16th st gate, wood ceramic floor all-over, stainless-steel cabinets and appliances in the kitchen, glass shower, common laundry on same second floor. Internet Wi-Fi is included in the condo maintenance. Easy to rent. Great investment in the best location! Concrete restoration, facade painting and reroofing just done and SA paid by seller in full. Financiang possible with 50% down payment.

Property location

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700 16th St 201, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
428 sq ft
Flooring
Ceramic Tile
Appliances
Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
Cooling
Central Air
Heating
None
Interior features
Built In Features, First Floor Entry, Living Dining Room
Furnished
Furnished

Exterior & Structure

Property type
Condominium
Year built
1941
Stories
2
Architectural style
Spanish Mediterranean
Construction
Block
Exterior features
Other
View
Other

Parking

Garage spaces
0
Covered spaces
0
Parking features
On Street

HOA, Community & Financials

Association fee
$712 Monthly
Fee inclusions
Common Areas, Internet, Laundry, Maintenance Grounds, Maintenance Structure, Reserve Fund, Sewer, Trash, Water
Amenities
None
Security
Fire Alarm, Smoke Detectors
Pets allowed
No, Yes
Annual tax
$3,530
Subdivision
BOGART
County
Miami-Dade
Days on market
93
MLS listing ID
A11949949
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

-$1,107

Cap rate
0.9%
Net yield
0.9%
Cash-on-cash return
-17.0%
Gross yield
6.6%
Mortgage payment
$1,323/mo
Down payment
$69,750
Loan amount
$209,250
Annual NOI
$2,583

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