Basic Information

  • MLS # A11699777
  • Type Condominiums
  • Status
  • Subdivision/Complex The Mantell Condo
  • Year Built 1941
  • Total Sqft 320
  • Date Listed 11/27/2024
  • Days on Market 215
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!!

Amenities

  • Bike Storage
  • Pool
  • Storage

Exterior Features

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

Interior Features

  • Adjusted Sqft 320
  • Interior Features Walk In Closets
  • Sqft 320

Property Features

  • Aprox. Lot Size 320
  • Furnished Info No
  • Short Sale Regular Sale
  • HOA Fees $760
  • 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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