1519 Drexel Ave 201 + DEN, Miami Beach, FL 33139 — MLS photo

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1519 Drexel Ave 201 + DEN, Miami Beach, FL 33139

Active · Condominium

$350,000

1519 Drexel Ave 201 + DEN, Miami Beach, FL 33139

Beds
1
Baths
1
Living area
767 sq ft
$ / sq ft
$456/sq ft
Year built
1970
Lot size
—
HOA fee
$858 Monthly
Annual tax
$4,035

About this property

Just under a half-mile stroll to the beach! Spacious condo converts a 2 BED  w/ open floor-to-ceiling pocket sliding wall to a wide layout. In the center of SoBe, yet still exclusively quiet. Enjoy the walkable famous areas of turquoise ocean/sandy beach/9-mile oceanfront Beachwalk/fine dining/incredible nightlife bars/lounges/clubs & fashionable retail shops/trendy Lincoln Rd. outdoor mall/historic Española Way/redone Flamingo Park/Sport/Pool/Tennis Ctr./New World Symphony/Convention Center/public transportation/FREE trolley & more. The spacious condo comes w/ travertine tiled floors/2025 new Trane AC/balcony/shower-bathtub combo/window treatment blinds/granite kitchen countertop/stainless steel appliances:microwave/e-range/dishwasher/refrigerator & plenty of closet space/custom shelving. Fenced-in property w/ intercom entrance/assigned gated parking spot under the bldg. & residential street permit city parking out front/private storage locker/top fl. community outdoor patio seating area/locked bike room & in-house laundry facility. IN-UNIT WASHER/DRYER via lic.contractor/plumber/City permits/HOA ARC. No short-term rentals but 1 yr. leases, ensuring the bldg's privacy & long-term stability. Pets max.25lb. Live a private residential lifestyle in the Miami Beach hub & a change of scenery ride away from the airport/Miami Worldcenter/Wynwood/Design District/BrickellCityCentre/etc. FURNITURE AVAIL/PRICED TO DEAL! Fully funded reserves/completed city recertification/2025 new roof!

Property location

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1519 Drexel Ave 201 + DEN, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
767 sq ft
Flooring
Tile
Appliances
Dishwasher, Electric Range, Microwave, Refrigerator
Cooling
Central Air
Heating
Central
Interior features
Built In Features, Bedroom On Main Level, Convertible Bedroom, Closet Cabinetry, Living Dining Room, Custom Mirrors, Other, Tub Shower, Walk In Closets, Elevator
Furnished
Negotiable

Exterior & Structure

Property type
Condominium
Year built
1970
Stories
5
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Fence
View
Other

Parking

Garage spaces
1
Covered spaces
1
Parking features
Assigned, Underground, One Space, Garage Door Opener

HOA, Community & Financials

Association fee
$858 Monthly
Fee inclusions
Association Management, Common Areas, Insurance, Laundry, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Reserve Fund, Sewer, Trash, Water
Amenities
Bike Storage, Laundry, Storage, Trash, Elevators
Security
Complex Fenced, Secured Garage Parking, Phone Entry, Smoke Detectors
Pets allowed
Pet Fee, Size Limit, Yes
Annual tax
$4,035
Subdivision
DREXEL 15 CONDO
County
Miami-Dade
Days on market
191
MLS listing ID
A12000774
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

-$949

Cap rate
2.4%
Net yield
2.4%
Cash-on-cash return
-11.6%
Gross yield
8.0%
Mortgage payment
$1,659/mo
Down payment
$87,500
Loan amount
$262,500
Annual NOI
$8,523

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