8101 Byron Ave 509, Miami Beach, FL 33141 — MLS photo

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8101 Byron Ave 509, Miami Beach, FL 33141

Active · Condominium

$565,000

8101 Byron Ave 509, Miami Beach, FL 33141

Beds
2
Baths
2
Living area
1,124 sq ft
$ / sq ft
$503/sq ft
Year built
1981
Lot size
—
HOA fee
$682
Annual tax
—

About this property

Beautiful fully renovated 2BD/2BA apartment with modern upgrades throughout, located in the heart of Miami Beach, just 2 blocks from the ocean. All appliances are approximately 5 years old with minimal use. The unit features a new electrical panel (5 years old) with ARC and GFI breakers for added safety. The A/C system has been professionally maintained annually, with a new compressor installed 2 years ago. Washer & dryer inside the unit and modern lighting throughout create a bright and inviting living space. Open living areas with granite countertops are ideal for relaxing or entertaining. Both bedrooms offer comfortable space and natural light. Enjoy the best of Miami Beach living just steps from the beach and close to North Shore Park, perfect for jogging, cycling, and outdoor activities. Conveniently located near Collins Ave with local cafés, restaurants, and boutiques, and only a short drive to Lincoln Road Mall, Bal Harbour Shops, and Downtown Miami. Great opportunity to own a renovated condo in one of Miami Beach’s most desirable coastal locations.

Property location

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8101 Byron Ave 509, Miami Beach, FL 33141

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,124 sq ft

Exterior & Structure

Property type
Condominium
Year built
1981

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$682
County
Miami-Dade
MLS listing ID
A11981148
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

-$1,365

Cap rate
2.8%
Net yield
2.8%
Cash-on-cash return
-10.4%
Gross yield
7.6%
Mortgage payment
$2,678/mo
Down payment
$141,250
Loan amount
$423,750
Annual NOI
$15,758

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