1340 Lincoln Rd 705, Miami Beach, FL 33139 — MLS photo

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1340 Lincoln Rd 705, Miami Beach, FL 33139

Active · Condominium

$299,900

1340 Lincoln Rd 705, Miami Beach, FL 33139

Beds
1
Baths
2
Living area
770 sq ft
$ / sq ft
$389/sq ft
Year built
1969
Lot size
—
HOA fee
$728
Annual tax
—

About this property

Investors : note Management Office confirmed it can be rented right away. Spacious nicely painted & renovated 1bed/1.5bath Condo with IMPACT WINDOWS and unobstructed view. Amazing renovated Kitchen, bathroom and half bathroom ! A SECOND ROOM with its MURPHY BED can be also your office. Tons of storage space in the closets. 1 COVERED PARKING SPACE but with no need to take the car as the building is located in the heart of South Beach. This Condo perfectly situated on the quiet west side of Lincoln Road within walking distance to everything Miami Beach has to offer: Trader Joe's, Whole Foods, Publix and a few short steps to trendy restaurants and boutiques of Sunset Harbor. Low HOA fees billed quarterly and high rents in this area make it a perfect investment opportunity as well. This area is Miami Beach's best kept secret ! Adjustment made, it is now priced to sell !!

Property location

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1340 Lincoln Rd 705, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
1
Bathrooms
2
Living area
770 sq ft

Exterior & Structure

Property type
Condominium
Year built
1969

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$728
County
Miami-Dade
MLS listing ID
A11978824
Listing status
Active

Investment intelligence

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$810

Cap rate
2.4%
Net yield
2.4%
Cash-on-cash return
-11.6%
Gross yield
8.8%
Mortgage payment
$1,422/mo
Down payment
$74,975
Loan amount
$224,925
Annual NOI
$7,346

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