Cays Realty
1542 Drexel Ave 105, Miami Beach, FL 33139 — MLS photo

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1542 Drexel Ave 105, Miami Beach, FL 33139

Active · Condominium

$228,000

1542 Drexel Ave 105, Miami Beach, FL 33139

Beds
1
Baths
1
Living area
440 sq ft
$ / sq ft
$518/sq ft
Year built
1925
Lot size
—
HOA fee
$498 Monthly
Annual tax
$3,023

About this property

Charming 1-bedroom, 1-bath apartment ideally located in the heart of South Beach! This bright and inviting residence at Miami Beach features a functional layout, abundant natural light, and a comfortable living space perfect for full-time living, vacation use, or investment. Situated just steps from world-famous beaches, Lincoln Road, restaurants, shopping, and nightlife, this property offers the ultimate Miami Beach lifestyle. Located in a well-maintained boutique building on desirable Drexel Avenue, residents enjoy easy access to parks, cafés, and entertainment while being tucked away on a quiet residential street. A fantastic opportunity to own in one of Miami Beach’s most sought-after neighborhoods!

Property location

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1542 Drexel Ave 105, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
440 sq ft
Flooring
Hardwood, Wood
Appliances
Electric Range, Electric Water Heater, Microwave, Refrigerator, Trash Compactor
Cooling
Central Air
Heating
Electric
Interior features
Bedroom On Main Level, Bathtub, First Floor Entry, Handicap Access, Tub Shower, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1925
Stories
3
Architectural style
None
Construction
Block
Exterior features
Security High Impact Doors
View
None

Parking

Garage spaces
0
Covered spaces
0
Parking features
On Street

HOA, Community & Financials

Association fee
$498 Monthly
Fee inclusions
Sewer, Trash, Water
Amenities
None
Security
Phone Entry, Fire Sprinkler System, Smoke Detectors
Pets allowed
Size Limit, Yes
Annual tax
$3,023
Subdivision
THE RUSKIN CONDO
County
Miami-Dade
Days on market
113
MLS listing ID
A12021458
Listing status
Active

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$687

Cap rate
2.1%
Net yield
2.1%
Cash-on-cash return
-12.9%
Gross yield
7.5%
Mortgage payment
$1,081/mo
Down payment
$57,000
Loan amount
$171,000
Annual NOI
$4,730

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