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

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734 Michigan Ave, Miami Beach, FL 33139

Active · Duplex

$2,940,000

734 Michigan Ave, Miami Beach, FL 33139

Beds
—
Baths
0
Living area
2,809 sq ft
$ / sq ft
$1,047/sq ft
Year built
2006
Lot size
—
HOA fee
$1,114
Annual tax
—

About this property

This exclusive and private residence gives you the opportunity to enjoy luxury in a prime location without the hassle of high rise living. Very low Maintenance fees. Two independent units 6 and 7 that are adjacent that combined will give 4 bedrooms, 4.5 baths, 2 private rooftop terraces, 2 cover parking spaces in a complex of only 7 townhouses. This 2 Modern South Beach Tri-level townhomes loft style can be combined for a total of 2890 sq feet. Currently generating $12,500 per month of income. Soaring 28 ft ceilings. Secure complex with only 7 Townhouses . White porcelain plank floors, stained concrete floors throughout respectively. Bright open living space, high Impact windows and doors. Unbeatable location within 2 blocks to the shopping center on Alton Rd and 5th Ave. Walk to Flamingo Park, the Beach, Lincoln Road, shops, restaurants. Publix, Total Wine and Whole Foods 2 small blocks away.

Property location

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734 Michigan Ave, Miami Beach, FL 33139

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Facts & features

Interior

Bathrooms
0
Living area
2,809 sq ft

Exterior & Structure

Property type
Duplex
Year built
2006

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$1,114
County
Miami-Dade
MLS listing ID
A12030217
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

-$9,594

Cap rate
1.8%
Net yield
1.8%
Cash-on-cash return
-14.0%
Gross yield
5.4%
Mortgage payment
$13,937/mo
Down payment
$735,000
Loan amount
$2,205,000
Annual NOI
$52,115

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