4011 N Meridian Ave 35, Miami Beach, FL 33140 — MLS photo

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4011 N Meridian Ave 35, Miami Beach, FL 33140

Active · Condominium

$259,000

4011 N Meridian Ave 35, Miami Beach, FL 33140

Beds
1
Baths
1
Living area
680 sq ft
$ / sq ft
$381/sq ft
Year built
1967
Lot size
—
HOA fee
$884 Monthly
Annual tax
$2,640

About this property

Discover a fully renovated 1-bedroom, 1-bathroom condo in Miami Beach, ideally located near 41st Street and Meridian Avenue in a quiet, gated waterfront community. This second-floor unit is filled with natural light and offers direct canal views, creating a bright, airy, and tranquil living space. Located in the heart of Miami Beach, just minutes from Mount Sinai Medical Center, South Beach, golf courses, top dining and shopping, and with easy access to major highways and Miami International Airport, this property offers unmatched convenience and lifestyle appeal. This is a turnkey investment property with a tenant in place, offering immediate rental income potential. The building is currently undergoing its 40-year recertification, and all special assessments have been paid in full by the seller, providing peace of mind and minimizing future capital expenses.

Property location

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4011 N Meridian Ave 35, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
680 sq ft
Flooring
Ceramic Tile
Appliances
Dishwasher, Electric Range, Electric Water Heater, Refrigerator
Cooling
Central Air
Heating
Central
Interior features
Bathtub, Family Dining Room, Tub Shower, Elevator

Exterior & Structure

Property type
Condominium
Year built
1967
Stories
4
Architectural style
Garden Apartment
Construction
Block
Exterior features
Balcony, Courtyard, Fence, Porch
Waterfront
Canal Front
View
Canal

Parking

Garage spaces
0
Covered spaces
0
Parking features
Assigned, Open, One Space

HOA, Community & Financials

Association fee
$884 Monthly
Fee inclusions
Amenities, Common Areas
Amenities
Laundry, Elevators
Security
Complex Fenced, Other, Smoke Detectors
Pets allowed
Conditional, Yes
Annual tax
$2,640
Subdivision
THE CASTILLE CONDO
County
Miami-Dade
Days on market
68
MLS listing ID
A12031398
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

-$740

Cap rate
2.3%
Net yield
2.3%
Cash-on-cash return
-12.3%
Gross yield
9.0%
Mortgage payment
$1,228/mo
Down payment
$64,750
Loan amount
$194,250
Annual NOI
$5,848

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