1036 Ocean Dr B308, Miami Beach, FL 33139 — MLS photo

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1036 Ocean Dr B308, Miami Beach, FL 33139

Active · Condominium

$250,000

1036 Ocean Dr B308, Miami Beach, FL 33139

Beds
1
Baths
1
Living area
293 sq ft
$ / sq ft
$853/sq ft
Year built
1936
Lot size
—
HOA fee
$1,038 Monthly
Annual tax
$4,769

About this property

Amazing opportunity to own an apartment right across the beach on world famous Ocean Drive. Rooftop Pool with Beach view. Association fees include water, electricity, TV service, Internet, 24/7 front desk. Short term/Airbnb allowed with all licenses active. Great property manager is in charge of all rental activity and will continue to manage unit if new owner wants.

Property location

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1036 Ocean Dr B308, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
293 sq ft
Flooring
Other
Appliances
Other
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Bar

Exterior & Structure

Property type
Condominium
Year built
1936
Stories
5
Construction
Brick, Block
Exterior features
Other
Pool
Association
View
Other

Parking

Garage spaces
0
Covered spaces
0
Parking features
None

HOA, Community & Financials

Association fee
$1,038 Monthly
Fee inclusions
Amenities, Cable Tv, Internet
Amenities
Pool
Security
Key Card Entry
Pets allowed
No
Annual tax
$4,769
Subdivision
THE STRAND ON OCEAN DRIVE
County
Miami-Dade
Days on market
45
MLS listing ID
A12017886
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

-$1,673

Cap rate
-2.3%
Net yield
-2.3%
Cash-on-cash return
-28.7%
Gross yield
5.8%
Mortgage payment
$1,185/mo
Down payment
$62,500
Loan amount
$187,500
Annual NOI
-$5,853

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