Interior
- Bathrooms
- 0
Active · MixedUse
$3,900,000
233 1st St, Miami Beach, FL 33139
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1924
- Lot size
- 4,000 sq ft
- HOA fee
- —
- Annual tax
- —
About this property
Rare redevelopment opportunity in the heart of South of Fifth. Located at 233 1st Street, this property is positioned on one of Miami Beach’s most desirable streets, moments from the beach, South Pointe Park, marinas, restaurants, and some of the area’s top luxury developments. Zoned C-PS1. Existing structure requires complete renovation/redevelopment and is being sold as-is. Exceptional opportunity for investors, developers, or end users seeking a prime South of Fifth location with long-term upside.
Property location
Get Directions233 1st St, Miami Beach, FL 33139
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Facts & features
Exterior & Structure
- Property type
- MixedUse
- Year built
- 1924
- Lot size
- 4,000 sq ft
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Miami-Dade
- MLS listing ID
- A12024132
- 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
-$7,633
- Cap rate
- 3.3%
- Net yield
- 3.3%
- Cash-on-cash return
- -8.4%
- Gross yield
- 6.6%
- Mortgage payment
- $18,488/mo
- Down payment
- $975,000
- Loan amount
- $2,925,000
- Annual NOI
- $130,260
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.