918 Ocean Dr 302, Miami Beach, FL 33139 — MLS photo

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918 Ocean Dr 302, Miami Beach, FL 33139

Active · Condominium

$650,000

918 Ocean Dr 302, Miami Beach, FL 33139

Beds
1
Baths
2
Living area
— sq ft
$ / sq ft
—
Year built
1925
Lot size
—
HOA fee
$587 Monthly
Annual tax
$5,124

About this property

LOCATION, LOCATION, LOCATION!!! NO RENTAL RESTRICTIONS !!! ART DECO BUILDING Located right on Ocean Drive & right across the street from the beach, in the famous South Beach neighborhood. Great opportunity buy as bulk sale A11619079 A11619070 SELLER VERY MOTIVATED

Property location

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918 Ocean Dr 302, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
1
Bathrooms
2
Flooring
Tile
Appliances
Dishwasher, Electric Range, Microwave, Refrigerator
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Breakfast Area, Living Dining Room, Shower Only

Exterior & Structure

Property type
Condominium
Year built
1925
Stories
3
Architectural style
Other
Construction
Block
Exterior features
Other
Waterfront
Ocean Front
View
None, Other

Parking

Garage spaces
0
Covered spaces
0
Parking features
None

HOA, Community & Financials

Association fee
$587 Monthly
Fee inclusions
Maintenance Structure
Amenities
Elevators
Security
Fire Alarm, Intercom
Pets allowed
Conditional, Yes
Annual tax
$5,124
Subdivision
918 Ocean Condo
County
Miami-Dade
Days on market
1
MLS listing ID
A11996978
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
3.4%
Net yield
3.4%
Cash-on-cash return
-8.3%
Gross yield
6.6%
Mortgage payment
$3,081/mo
Down payment
$162,500
Loan amount
$487,500
Annual NOI
$21,892

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