1460 West Ave, Miami Beach, FL 33139 — MLS photo

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1460 West Ave, Miami Beach, FL 33139

Active · SingleFamilyResidence

$1,791,000

1460 West Ave, Miami Beach, FL 33139

Beds
2
Baths
2
Living area
4,952 sq ft
$ / sq ft
$362/sq ft
Year built
1947
Lot size
1,680 sq ft
HOA fee
—
Annual tax
—

About this property

NO Condo Fees. Rare opportunity to acquire three residences within a boutique four unit MiMo style building on a corner lot on West Avenue in South Beach. Offering flexible options for end users, investors, or multigenerational living, the property allows the ability to live in one residence while generating income from the others, create a live and work environment, or secure a long term value added investment. The building consists of four residences in total, with three oversized 2 bedroom, 2 bathroom units currently being offered for sale. Each residence is just under 1,200 square feet featuring spacious living areas, large dine in kitchens, flexible Florida rooms ideal for office, den, or additional living space, private front and rear entrances, and 3 onsite parking spaces. One unit is currently vacant, while two are occupied by long term tenants on month to month, providing immediate flexibility and income potential. Major capital improvements have already been completed, including a 10 year old roof, updated electrical and plumbing systems, impact windows, Central AC, tankless water heaters, and completed 40 year recertification. A comparable unit within the building recently leased for $3,150 per month, supporting strong rental demand in the area. Located just minutes from the beach, parks, cafés, restaurants, shopping, and everyday conveniences, This is a rare Miami Beach opportunity. Units may be available for individual sale

Property location

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1460 West Ave, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
4,952 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1947
Lot size
1,680 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$0
County
Miami-Dade
MLS listing ID
A12026139
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

$84

Cap rate
5.7%
Net yield
5.7%
Cash-on-cash return
0.2%
Gross yield
9.3%
Mortgage payment
$8,490/mo
Down payment
$447,750
Loan amount
$1,343,250
Annual NOI
$102,895

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