255 W 24th St # 204, Miami Beach FL 33140

$ 295,000
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Overview

  • Updated On:
  • May 13, 2025
  • 1 Bathrooms
  • 320.00 ft2

Description

INVESTMENT 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!!

Address: 255 W 24th St # 204, Miami Beach FL 33140
State/County:
Zip: 33140
Country: US
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Property Id : 13056712
Price: $ 295,000
Property Size: 320.00 ft2
Bathrooms: 1
Building Name: THE MANTELL CONDO
Unit Number: 204
List Office Name: Coldwell Banker Realty
Association Amenities: Bike Storage,Storage,Pool
Association Fee: 760
Bathrooms Full: 1
Bathrooms Half: 0
Bathrooms Total Decimal: 1
Cooling: Paddle Fans,Wall/Window Unit(s)
Days On Market: 167
Flooring: Tile
Garage Spaces: 0
Heating: None
Laundry Features: Common Area
On Market Date: 2024-11-27
Other Equipment: Intercom
Pets Allowed: Restrictions Or Possible Restrictions
Listing Id: A11699777
Previous List Price: 315000
Lot Size Units: Square Feet
Year Built Details: Resale
Street Name: 24th St
Street Number: 255
Street Number Numeric: 255
View: Garden View
Other Features
Courtyard
East Of Us1
Fire Sprinklers
Gas Range
Has a View
Has Cooling System
Home Owners Association
Microwave
Open Parking
Other
Property Attached
Walk-In Closet(s)
$ 1,512.52
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 1,143.77

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Martha Russomanno