Cays Realty
1881 Washington Avenue 4a, Miami Beach, FL 33139 — MLS photo

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1881 Washington Avenue 4a, Miami Beach, FL 33139

Active · Condominium

$420,000

1881 Washington Avenue 4a, Miami Beach, FL 33139

Beds
2
Baths
2
Living area
940 sq ft
$ / sq ft
$447/sq ft
Year built
1966
Lot size
—
HOA fee
$1,165 Monthly
Annual tax
$3,666

About this property

Steps from the sand and surrounded by everything South Beach has to offer - Lincoln Road, Convention Center, world-class dining and nightlife - this updated 2BD/2BA condo delivers a lifestyle that's hard to beat at this price point. Inside, new laminate floors, generous open floor plan, a renovated kitchen, in-unit washer/dryer and hurricane impact window adds everyday convenience rare in this market. What truly sets this building apart: 12x year (30 day min) rental policy, pet-friendly up to 75 lbs, gated parking, 24-hour manned lobby, fully funded reserves, pool, gym, and sauna — amenities that rival buildings at twice the price.

Property location

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1881 Washington Avenue 4a, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
940 sq ft
Flooring
Other
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Main Living Area Entry Level, Split Bedrooms, Elevator
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1966
Stories
1
Lot size
0 sq ft
Architectural style
One Story
Roof
Concrete
Construction
CBSConcrete Block Structure, Block
Exterior features
Other
Pool
None, Association, Community

Parking

Covered spaces
0
Parking features
Guest, Open, One Space

HOA, Community & Financials

Association fee
$1,165 Monthly
Fee inclusions
Common Area Maintenance, Cable Tv, Insurance, Parking, Pools, Sewer, Security, Trash, Water
Amenities
Bike Storage, Fitness Center, Pool, Sauna, Security, Trash, Elevators
Security
Building Security, Closed Circuit Cameras, Door Man, Elevator Secured, Fire Alarm, Secured Garage Parking, Lobby Secured, Security System, Fire Sprinkler System, Smoke Detectors
Pets allowed
No
Annual tax
$3,666
Subdivision
OCTAGON TOWERS I CONDO
County
Miami-Dade
Days on market
131
MLS listing ID
B26038462
Listing status
Active

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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

-$1,144

Cap rate
2.4%
Net yield
2.4%
Cash-on-cash return
-11.7%
Gross yield
8.1%
Mortgage payment
$1,991/mo
Down payment
$105,000
Loan amount
$315,000
Annual NOI
$10,162

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