Basic Information

  • MLS # A11839696
  • Type Condominiums
  • Subdivision/Complex Ohio Apartment Bldg Condo
  • Year Built 1925
  • Total Sqft 420
  • Date Listed 07/25/2025
  • Days on Market 74
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
  • Parking Spaces 0
  • Pool No
  • Parking Description On Street
  • Exterior Features Courtyard

Interior Features

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

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

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