Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 860 sq ft
Active · Condominium
$485,000
1250 Lincoln Rd 406, Miami Beach, FL 33139
- Beds
- 2
- Baths
- 2
- Living area
- 860 sq ft
- $ / sq ft
- $564/sq ft
- Year built
- 1985
- Lot size
- —
- HOA fee
- $565
- Annual tax
- —
About this property
Beautifully updated light-filled 2 bed/2 bath apartment in one of the best areas of Miami Beach. This apartment is located on the west end of world famous Lincoln Road & is next to some of the best restaurants in South Beach with easy access to groceries with Publix, Whole Foods, Trader Joe's, & Fresh Market all less than 7 blocks away, green space & recreational activities at Maurice Gibb Park, Flamingo Park, & Canopy Park & shopping/dining along Lincoln Road Mall. The unit has a newer kitchen with granite counters & modern appliances, spacious bedrooms, & gorgeous marble tile throughout as well as a large balcony with beautiful views of the neighborhood. Well-maintained building and unit comes with gated assigned & covered parking space. Great for investors, property is tenant occupied.
Property location
Get Directions1250 Lincoln Rd 406, Miami Beach, FL 33139
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1985
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- Association fee
- $565
- County
- Miami-Dade
- MLS listing ID
- A12005350
- 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
-$1,321
- Cap rate
- 2.4%
- Net yield
- 2.4%
- Cash-on-cash return
- -11.7%
- Gross yield
- 7.1%
- Mortgage payment
- $2,299/mo
- Down payment
- $121,250
- Loan amount
- $363,750
- Annual NOI
- $11,736
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.