Miami Beach, FL 33139,1550 Drexel Ave #103
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Miami Beach, FL 33139,1550 Drexel Ave #103
Miami Beach, FL 33139,1550 Drexel Ave #103
Miami Beach, FL 33139,1550 Drexel Ave #103
Miami Beach, FL 33139,1550 Drexel Ave #103
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$ 219,000
Est. payment /mo
Price Dropped by $10K

1550 Drexel Ave #103 Miami Beach, FL 33139

1 Bed

1 Bath

420 SqFt


UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 420 sqft

Price per Sqft $521

Subdivision Ohio Apartment Bldg Condo

MLS Listing ID A11839696

Style Garden Apartment

Bedrooms 1

Full Baths 1

HOA Fees $536/mo

HOA Y/N Yes

Min Days of Lease 365

Leases Per Year 1

Year Built 1925

Annual Tax Amount $3,359

Tax Year 2024

Property Sub-Type Condominium

Property Description

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!

Location

State FL

County Miami-dade

Community Ohio Apartment Bldg Condo

Area 32

Interior

Interior Features Bedroom on Main Level, First Floor Entry, Tub Shower, Walk-In Closet(s)

Heating Central

Cooling Central Air

Flooring Laminate

Window Features Blinds

Appliance Refrigerator

Laundry Common Area

Exterior

Exterior Feature Courtyard

Amenities Available Laundry, None

View Other

Garage No

Private Pool Yes

Building

Faces East

Architectural Style Garden Apartment

Structure Type Block

Others

Pets Allowed Size Limit, Yes

HOA Fee Include Association Management,Common Areas,Hot Water,Insurance,Laundry,Maintenance Grounds,Maintenance Structure,Sewer,Trash,Water

Senior Community No

Restrictions Corporate Buyer OK,Okay to Lease 1st Year

Tax ID 02-32-34-111-0050

Security Features Complex Fenced,Intercom,Fire Sprinkler System

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listed As-Is

Pets Allowed Size Limit, Yes

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11839696


Miami Association of Realtors (SEFMIAMI MLS)
Listed by LG Realty Group Inc.
Jonathan Vega

Jonathan Vega

Estate Agent | License ID: 3330857

+1(786) 417-5918

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1550 Drexel Ave #103