Basic Information

  • MLS # A11839696
  • Type Condominiums
  • Status
  • Subdivision/Complex Ohio Apartment Bldg Condo
  • Year Built 1925
  • Total Sqft 420
  • Date Listed 07/25/2025
  • Days on Market 50
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!

Amenities

  • Laundry
  • None

Exterior Features

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

Interior Features

  • Adjusted Sqft 420
  • Interior Features Bedroom On Main Level, First Floor Entry, Tub Shower, Walk In Closets
  • Sqft 420

Property Features

  • Aprox. Lot Size 420
  • Furnished Info No
  • Short Sale Regular Sale
  • HOA Fees $536
  • Subdivision Complex Ohio Apartment Bldg Condo
  • Subdivision Info Ohio Apartment Bldg Condo
  • Tax Amount $3,359
  • Tax Year 2024

1550 Drexel Ave #103

Miami Beach, FL 33139

Similar Properties For Sale

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: LG Realty Group Inc.. tel: 305-890-6226

Real Estate IDX Powered by: TREMGROUP