734 Michigan Ave 7, Miami Beach, FL 33139 — MLS photo

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734 Michigan Ave 7, Miami Beach, FL 33139

Active · Condominium

$1,520,000

734 Michigan Ave 7, Miami Beach, FL 33139

Beds
2
Baths
3
Living area
1,428 sq ft
$ / sq ft
$1,064/sq ft
Year built
2006
Lot size
—
HOA fee
$557 Monthly
Annual tax
$12,240

About this property

This exclusive South Beach private residence offers luxury in a prime location without the hassle of highrise living, with very low maintenance fees. Modern Tri level townhouse loft style 2 bedrooms, 2.5 bath with 1428 sq feet under A/C residence. Space boasts soaring 28' ceilings, completed with luxury finishes and appliances in South Beach. The second level offers 2 comfortable bedrooms with in-suite bathrooms, plus a washer and dryer. Dramatic floor-to-ceiling, high-impact resistant windows and stained concrete flooring throughout. Includes 1 covered assigned parking space in a gated garage. Generating $6600 per month. Very low maintenance fee. Walking distance to the beach, Flamingo Park, Lincoln Road, shops, and restaurants. Publix, Total Wine, and Whole Foods are just around the corner. Quiet and secure boutique building with only 7 TH units.

Property location

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734 Michigan Ave 7, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
2
Bathrooms
3
Living area
1,428 sq ft
Flooring
Concrete
Appliances
Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Built In Features, Closet Cabinetry, First Floor Entry, High Ceilings, Kitchen Island, Kitchen Dining Combo, Living Dining Room, Split Bedrooms, Shower Only

Exterior & Structure

Property type
Condominium
Year built
2006
Stories
3
Architectural style
Tri Level
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Deck, Security High Impact Doors
View
Skyline

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 Grounds, Maintenance Structure, Parking
Amenities
None
Security
Complex Fenced, Secured Garage Parking, Intercom, Fire Sprinkler System, Smoke Detectors
Pets allowed
Size Limit, Yes
Annual tax
$12,240
Subdivision
734 MICHIGAN CONDO
County
Miami-Dade
Days on market
141
MLS listing ID
A12023381
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

-$3,594

Cap rate
2.9%
Net yield
2.9%
Cash-on-cash return
-10.1%
Gross yield
5.3%
Mortgage payment
$7,206/mo
Down payment
$380,000
Loan amount
$1,140,000
Annual NOI
$43,336

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