- Studio
- 1 Baths
- 380 SqFt
- $418/SqFt
Investor opportunity — steps from the beach!
Vacant and unfurnished updated studio in the heart of south beach, offering an excellent cash-flow investment with an estimated ~10% cap rate under current long-term rental guidelines. Located in a well-maintained building that has passed its 40-year recertification.
Offered at $159, 000 with hoa of $481/month (paid annually). Approximately $700, 000 in capital improvements completed over the last five years, including electrical, structural, and roof upgrades — all fully assessed. Hoa includes all standard insurance, including wind. Building is quiet, secure, and professionally managed.
The unit features two separate entrances, including a private street entrance, increasing tenant appeal. Short-term rentals and airbnb are not permitted; however, the building allows long-term rentals with a minimum of two leases per year, providing stable and predictable income.
With the unit vacant and rent-ready, this is an ideal opportunity for investors seeking immediate placement, strong returns, and low future capital risk in one of miami beach’s most desirable locations.
Cash only purchase.