910 Michigan Ave 505, Miami Beach, FL 33139 — MLS photo

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910 Michigan Ave 505, Miami Beach, FL 33139

Active · Condominium

$325,000

910 Michigan Ave 505, Miami Beach, FL 33139

Beds
1
Baths
1
Living area
662 sq ft
$ / sq ft
$491/sq ft
Year built
1972
Lot size
—
HOA fee
$480
Annual tax
—

About this property

Located in the heart of South Beach, this spacious 1-bedroom, 1-bathroom unit offers comfortable coastal living with an open balcony perfect for relaxing or entertaining. The building has been recently renovated, adding modern appeal and value. Close to restaurants and entertainment. Inside, the unit features tile flooring throughout, a generous living and dining area, and an open-concept kitchen. The bedroom includes a large closet and direct access to the balcony, providing great natural light and indoor-outdoor flow. Pet friendly building allows annual leasing immediately upon purchase making it a great fit for a full time residence, vacation get-away or investment property.

Property location

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910 Michigan Ave 505, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
662 sq ft

Exterior & Structure

Property type
Condominium
Year built
1972

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$480
County
Miami-Dade
MLS listing ID
A11993585
Listing status
Active

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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

-$848

Cap rate
2.6%
Net yield
2.6%
Cash-on-cash return
-11.2%
Gross yield
7.7%
Mortgage payment
$1,541/mo
Down payment
$81,250
Loan amount
$243,750
Annual NOI
$8,308

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