Interior
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 500 sq ft
- Flooring
- Laminate, Vinyl
- Appliances
- Dryer, Refrigerator, Washer
- Cooling
- Central Air
- Heating
- Other
- Interior features
- Bathtub, Second Floor Entry, Other
- Furnished
- Unfurnished
Active · Condominium
$227,000
1551 Michigan Ave 13, Miami Beach, FL 33139
- Beds
- 1
- Baths
- 1
- Living area
- 500 sq ft
- $ / sq ft
- $454/sq ft
- Year built
- 1954
- Lot size
- —
- HOA fee
- $470 Monthly
- Annual tax
- $0
About this property
Beautiful apartment in a prime location just steps from Lincoln Road. Spacious 1-bedroom unit featuring an open kitchen, new floors, and in-unit washer and dryer. Central A/C, ample windows providing great natural light, and generous closet space. Excellent tenant in place through 2027 — ideal for investors.
Property location
Get Directions1551 Michigan Ave 13, Miami Beach, FL 33139
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1954
- Stories
- 2
- Architectural style
- Garden Apartment
- Construction
- Brick, CBSConcrete Block Structure, Block
- Exterior features
- Porch
- View
- None, Other
Parking
- Garage spaces
- 0
- Covered spaces
- 0
- Parking features
- Other, On Street
HOA, Community & Financials
- Association fee
- $470 Monthly
- Fee inclusions
- Insurance, Maintenance Grounds, Other
- Amenities
- None, Other
- Security
- Complex Fenced, Smoke Detectors
- Pets allowed
- Conditional, Yes
- Annual tax
- $0
- Subdivision
- LINCOLN PLACE CONDO
- County
- Miami-Dade
- Days on market
- 59
- MLS listing ID
- A11979731
- Listing status
- Active
Virtual tour
Explore 3D / Virtual TourInvestment 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
-$307
- Cap rate
- 4.1%
- Net yield
- 4.1%
- Cash-on-cash return
- -5.8%
- Gross yield
- 8.1%
- Mortgage payment
- $1,076/mo
- Down payment
- $56,750
- Loan amount
- $170,250
- Annual NOI
- $9,230
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.