1550 Drexel Ave 202, Miami Beach, FL 33139 — MLS photo

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1550 Drexel Ave 202, Miami Beach, FL 33139

Active · Condominium

$290,000

1550 Drexel Ave 202, Miami Beach, FL 33139

Beds
1
Baths
1
Living area
580 sq ft
$ / sq ft
$500/sq ft
Year built
1925
Lot size
—
HOA fee
$867 Monthly
Annual tax
$3,480

About this property

Beautifully renovated corner unit in the heart of South Beach, filled with natural light and surrounded by lush tropical greenery. Enjoy charming street views from the living room through expansive corner windows, creating a bright and inviting atmosphere. This stylish residence features brand-new kitchen cabinets, appliances, tile flooring throughout, spacious closets, and is being sold fully furnished, including a large flat-screen TV. Washer/dryer available both inside the unit and within the building for added convenience. Located in a charming 16-unit boutique, pet-friendly building, this unit offers one of the best locations in South Beach - just 1 block from Lincoln Road, 1 block from Española Way, and only 2 blocks from the beach. Flamingo Park, restaurants, cafés, bars, CVS, Walgreens, and everyday conveniences are all within walking distance. The building has recently completed major upgrades including a new roof, concrete restoration, and fresh exterior painting, adding long-term value and appeal. Perfect as a primary residence, vacation getaway, or investment property. Rental rates in this highly desirable neighborhood start at $2,000+ per month.

Property location

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1550 Drexel Ave 202, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
580 sq ft
Flooring
Tile
Appliances
Dishwasher, Electric Range, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Bathtub, Closet Cabinetry, Second Floor Entry

Exterior & Structure

Property type
Condominium
Year built
1925
Stories
2
Architectural style
Garden Apartment
Construction
Block
Exterior features
None
View
Garden

Parking

Garage spaces
0
Covered spaces
0
Parking features
On Street

HOA, Community & Financials

Association fee
$867 Monthly
Fee inclusions
Insurance, Laundry, Legal Accounting, Maintenance Grounds, Maintenance Structure, Sewer, Trash, Water
Security
Complex Fenced, Key Card Entry, Smoke Detectors
Pets allowed
Size Limit, Yes
Annual tax
$3,480
Subdivision
OHIO APARTMENT BLDG CONDO
County
Miami-Dade
Days on market
144
MLS listing ID
A12023951
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

-$1,043

Cap rate
1.4%
Net yield
1.4%
Cash-on-cash return
-15.4%
Gross yield
7.6%
Mortgage payment
$1,375/mo
Down payment
$72,500
Loan amount
$217,500
Annual NOI
$3,980

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