1215 West Ave 402, Miami Beach, FL 33139 — MLS photo

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1215 West Ave 402, Miami Beach, FL 33139

Active · Condominium

$280,000

1215 West Ave 402, Miami Beach, FL 33139

Beds
1
Baths
1
Living area
520 sq ft
$ / sq ft
$538/sq ft
Year built
2016
Lot size
—
HOA fee
$1,076 Monthly
Annual tax
$2,711

About this property

Put your Miami Beach get-away home to work for you! Legal condo-hotel zoned for short term rental income. Available on-site program or owner can rent themselves. Built in 2016, this architectural gem is ideally located in the bustling West Ave corridor across from Biscayne Bay. This is one of the larger 1/1 floor plans, with desirable West view + private balcony. Delivered turnkey furnished and equipped - enjoy it from Day 1 without the wait or uncertainty of pre-construction. Hurricane impact glass, generator, and tough building codes to keep your investment safe and dry. This is perfect investment property to generate income with professional management, with flexibility for personal use, for guest, or for business associates. Don't miss the rooftop pool! High rental occupancy so scheduling can be challenging. Pro video available . AirBnB is NOT allowed. Personal use or on-site managed program. This price is firm and below pre-construction pricing! Rare opportunity for newer-build in South Beach

Property location

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1215 West Ave 402, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
520 sq ft
Flooring
Hardwood, Wood
Appliances
Dryer, Dishwasher, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Electric
Interior features
Bedroom On Main Level, First Floor Entry, Handicap Access, Living Dining Room, Shower Only, Walk In Closets
Furnished
Furnished

Exterior & Structure

Property type
Condominium
Year built
2016
Stories
5
Construction
Block
Exterior features
Deck
Pool
Association
View
Garden

Parking

Garage spaces
0
Covered spaces
0
Parking features
Leased, Valet

HOA, Community & Financials

Association fee
$1,076 Monthly
Fee inclusions
Amenities, Cable Tv, Pools, Sewer, Security, Trash, Water
Amenities
Pool
Security
Door Man, Elevator Secured, Fire Sprinkler System
Pets allowed
No
Annual tax
$2,711
Subdivision
ABAE HOTEL
County
Miami-Dade
Days on market
173
MLS listing ID
A11986859
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

-$1,257

Cap rate
0.3%
Net yield
0.3%
Cash-on-cash return
-19.2%
Gross yield
7.3%
Mortgage payment
$1,327/mo
Down payment
$70,000
Loan amount
$210,000
Annual NOI
$842

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