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!

Address

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Address: Drexel Ave
City: Miami Beach
State/county: Miami-Dade County
Zip/Postal Code: 33139
Area: OHIO APARTMENT BLDG CONDO

Details

Updated on October 1, 2025 at 7:37 pm

Property ID A11839696
Price $229,000
Property Size 420 Square Feet
Bedroom 1
Bathroom 1
Garage 0
Year Built 1925
Type Condominium
Property Status Residential

Additional details

ArchitecturalStyle Garden Apartment
AssociationAmenities Laundry, None
AssociationFee 536
AssociationFeeFrequency Monthly
BathroomsFull 1
BathroomsHalf 0
BuildingAreaSource Building Plan/Survey
BuildingAreaTotal 420
BuildingAreaUnits Square Feet
BuildingName Ohio Apartment Bldg Condo
CarportSpaces 0
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2025-07-25
Cooling Central Air
CoveredSpaces 0
DaysOnMarket 68
DirectionFaces East
EntryLevel 1
ExpirationDate 2026-01-14
Heating Central
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
LaundryFeatures Common Area
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 401-632-3210
ListAgentEmail ap@lgrealtygroup.com
ListAgentFullName Alicia Procter
ListAgentKey 4b56fc32091620e4319a92a7e3eb86af
ListAgentMlsId 3366294
ListAgentOfficePhone 305-890-6226
ListAgentStateLicense 3366294
ListOfficeFax 786-220-8029
ListOfficeKey bc91f509c6bb5d0f199a8f21d41b9ab6
ListOfficeMlsId LGRY01
ListOfficeName LG Realty Group Inc.
ListOfficePhone 305-890-6226
ListingAgreement Exclusive Right To Sell
ListingContractDate 2025-07-25
ListingKey ec9731a057f20be9341ab14c52cf035e
ListingTerms All Cash, Conventional
LotSizeSquareFeet 0
MLSAreaMajor Ohio Apartment Bldg Condo
MajorChangeTimestamp October 1, 2025 at 04:31pm
MajorChangeType Price Increase
MlsStatus Active
ModificationTimestamp October 1, 2025 at 04:31pm
OnMarketDate 2025-07-25
OriginalEntryTimestamp July 25, 2025 at 03:18pm
OriginalListPrice 244500
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 02-32-34-111-0050
ParkingFeatures On Street
PetsAllowed Maximum 20 Lbs
PhotosChangeTimestamp July 25, 2025 at 03:21pm
PhotosCount 10
Possession Funding
PostalCodePlus4 7920
PreviousListPrice 219000
PriceChangeTimestamp October 1, 2025 at 04:31pm
PublicSurveyRange 32
PublicSurveySection 34
PublicSurveyTownship 32
RoomsTotal 0
SecurityFeatures Fire Sprinklers, Complex Fenced, Intercom In Lobby
ShowingInstructions Lockbox-No Appointment, Showing Assist
SourceSystemKey 417909118
StateOrProvince FL
StatusChangeTimestamp July 25, 2025 at 03:18pm
StoriesTotal 2
StreetName Drexel Ave
StreetNumber 1550
StreetNumberNumeric 1550
StructureType Condo 1-4 Stories, Condo
SyndicationRemarks 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!
TaxAnnualAmount 3359
TaxLegalDescription OHIO APARTMENT BLDG CONDO UNIT 103 UNDIV 5.42% INT IN COMMON ELEMENTS OFF REC 17916-2715 OR 20291-1824 0302 1 COC 24458-3803 04 2006 1
TaxYear 2024
UnitNumber 103
View Other View
WindowFeatures Blinds
YearBuiltDetails Effective Year Built