Cays Realty
734 Michigan Ave 6, Miami Beach, FL 33139 — MLS photo

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734 Michigan Ave 6, Miami Beach, FL 33139

Active · Condominium

$1,420,000

734 Michigan Ave 6, Miami Beach, FL 33139

Beds
2
Baths
2
Living area
1,381 sq ft
$ / sq ft
$1,028/sq ft
Year built
2006
Lot size
—
HOA fee
$557 Monthly
Annual tax
$10,134

About this property

Remodeled trilevel Townhouse with 28 foot ceilings and new white porcelain plank flooring throughout. Very low Maintenance fees. Private rooftop terrace and hot tub. Quiet and secure building with only 7 units. Bright, open living space. Impact windows, 2 bedrooms?, and 2 full bathrooms. Includes 1 assigned covered parking space in a secure garage. Unbeatable location within 2 blocks of the shopping center at Alton Road and 5th Street. Walk to Flamingo Park, the beach, Lincoln Road, shops, and restaurants. Publix, Total Wine, and Whole Foods are just around the corner. This exclusive, private residence offers luxury in a prime location without the hassle of high-rise living, with very low maintenance fees.

Property location

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734 Michigan Ave 6, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,381 sq ft
Flooring
Tile
Appliances
Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Self Cleaning Oven
Cooling
Central Air
Heating
Central
Interior features
Built In Features, Bedroom On Main Level, First Floor Entry, High Ceilings, Living Dining Room, Split Bedrooms, Tub Shower, Upper Level Primary, Vaulted Ceilings

Exterior & Structure

Property type
Condominium
Year built
2006
Stories
4
Architectural style
Tri Level
Construction
CBSConcrete Block Structure, Block
Exterior features
Deck, Security High Impact Doors, Patio
View
Garden

Parking

Garage spaces
1
Covered spaces
1
Parking features
Attached, Covered, Garage, One Space

HOA, Community & Financials

Association fee
$557 Monthly
Fee inclusions
Common Areas, Insurance, Maintenance Structure, Parking, Sewer, Trash
Amenities
None
Security
Complex Fenced, Secured Garage Parking, Key Card Entry, Fire Sprinkler System, Smoke Detectors
Pets allowed
Size Limit, Yes
Annual tax
$10,134
Subdivision
734 MICHIGAN CONDO
County
Miami-Dade
Days on market
131
MLS listing ID
A12020411
Listing status
Active

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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

-$3,209

Cap rate
3.0%
Net yield
3.0%
Cash-on-cash return
-9.7%
Gross yield
5.4%
Mortgage payment
$6,732/mo
Down payment
$355,000
Loan amount
$1,065,000
Annual NOI
$42,265

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