Basic Information

  • MLS # A11699777
  • Type Condominiums
  • Subdivision/Complex The Mantell Condo
  • Year Built 1941
  • Total Sqft 320
  • Date Listed 11/27/2024
  • Days on Market 166
Description

NVESTMENT OPPORTUNITY | SOUTH BEACH ART DECO CONDO | ROI 2025-26: 4.25%-5.25% TURNKEY INCOME-GENERATING UNIT IN PRIME MIAMI BEACH LOCATION. CASH-FLOW POSITIVE. NO RENTAL RESTRICTIONS. LEASED AT $1,800/MO – ZERO VACANCY THROUGH 03/2026. NET OPERATING INCOME: $12,480/YEAR. HOA: $760/MONTH INCLUDES WATER, SEWER, ELECTRICITY, INSURANCE, CABLE TV, WIFI. FULLY RENOVATED. NO REPAIRS NEEDED. COMPLETED RECERTIFICATION. PLUMBING, ELECTRICAL, FACADE, POOL, BIKE ROOM, ENTRANCE INTERCOM: ALL ASSESSMENTS PAID. BEST FLOOR PLAN IN THE MANTELL. RARE FIND FOR INVESTORS SEEKING NO-RISK STABLE RETURNS IN A HIGH-DEMAND RENTAL MARKET. SELLER MOTIVATED. ACT FAST—THIS WON’T LAST!!

Amenities

  • Bike Storage
  • Pool
  • Storage

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool Yes
  • Parking Description On Street
  • Exterior Features Courtyard, Patio

Interior Features

  • Adjusted Sqft 320Sq.Ft
  • Interior Features Walk In Closets
  • Sqft 320 Sq.Ft

Property Features

  • Aprox. Lot Size 320
  • Furnished Info No
  • Short Sale Regular Sale
  • HOA Fees $725
  • Subdivision Complex The Mantell Condo
  • Subdivision Info The Mantell Condo
  • Tax Amount $3,696
  • Tax Year 2024

255 W 24th St #204

Miami Beach, FL 33140

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Coldwell Banker Realty. tel: 305-672-6300

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