Upgraded 1 bed/1 bath condo in a boutique 16-unit Art Deco building, steps from Lincoln Rd, Española Way & the beach! Move-in ready with new floors, sleek white kitchen, SS appliances, induction cooktop, updated bath & walk-in closet. Investor’s gem—rented at $1,800/mo through Sept 2026, generating $21,600/yr with a solid 5% +cap rate. HOA $506/mo covers insurance, water & trash, keeping expenses low and returns strong. Enjoy central A/C, manicured grounds & unbeatable walkability to dining, shopping, nightlife & Ocean Dr. Pet-friendly, 3-month minimum rentals allowed. Perfect pied-à-terre or cash-flowing investment. Aggressively priced!
For sale
Price increase: $10K (10/1)
$229,000
1550 Drexel Ave APT 103, Miami Beach, FL 33139
1beds
420sqft
Est.:
Condominium
Built in 1925
-- sqft lot
$-- Zestimate®
$545/sqft
$536/mo HOA
What's special
Beautifully manicured groundsWood laminate floorsSleek white kitchen cabinetsUpdated bathroomStainless steel appliancesInduction cooktopSpacious walk-in closet
- 79 days |
- 282 |
- 16 |
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