Price Reduced 6.35%

$295,000 ($921.88 per sqft)

Est. Mortgage $1,550/mo *

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Price History

$315,000
11/27/2024

$295,000
2/7/2025

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

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

1 Full baths

1941

320 sqft

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!!

Status:

Active

Type:

Condo

Complex:

THE MANTELL CONDO

Garage:

On Street

Heating:

None

Cooling:

Ceiling Fan(s), Wall/Window Unit(s)

Levels:

5

Common Charge:

$760 Monthly

Est. Taxes:

$3,696

HOA Fee

$760

Construction

Block

View Description:

Garden

Amenities:

Bike Storage, Pool, Storage

Days on Market:

167

Pet Allowed:

Yes

Pet Policy:

Conditional, Yes

Appliances:

Gas Range, Microwave

Pool:

Association

MLS #:

A11699777

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of COLDWELL BANKER REALTY Phone: 305-672-6300