1550 Drexel Ave 207, Miami Beach, FL 33139 — MLS photo

Get More Info About This Property

1550 Drexel Ave 207, Miami Beach, FL 33139

Active · Condominium

$319,000

1550 Drexel Ave 207, Miami Beach, FL 33139

Beds
1
Baths
1
Living area
550 sq ft
$ / sq ft
$580/sq ft
Year built
1925
Lot size
—
HOA fee
$850
Annual tax
—

About this property

Recently fully remodeled, this beautifully furnished 1-bedroom, 1-bath corner unit offers modern comfort and style. The apartment features a completely renovated kitchen with new quartz countertops, updated appliances, and a new sink, along with a fully upgraded bathroom. Enjoy the convenience of an in-unit washer and dryer, as well as elegant whitewashed laminate flooring throughout. Ideally located in the heart of Miami Beach, just one block from Lincoln Road, you’ll be steps away from top restaurants, shops, and the beach. Situated at the end of the hallway, this private corner unit offers peaceful landscaping views. The building and unit are both exceptionally well maintained. Street resident parking is available. Currently tenant-occupied with a rental income of $2,300 per month through February 28, 2027—making this an excellent investment opportunity.

Property location

Get Directions

1550 Drexel Ave 207, Miami Beach, FL 33139

Loading property location…

Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
550 sq ft

Exterior & Structure

Property type
Condominium
Year built
1925

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$850
County
Miami-Dade
MLS listing ID
A12000602
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

-$1,373

Cap rate
0.5%
Net yield
0.5%
Cash-on-cash return
-18.4%
Gross yield
7.0%
Mortgage payment
$1,512/mo
Down payment
$79,750
Loan amount
$239,250
Annual NOI
$1,670

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