INVESTOR ALERT TURNKEY INCOME PROPERTY! Start earning immediate cash flow with this fully rented South Beach 1/1 condo, featuring a tenant in place paying $2, 000/month on a secured lease through 1/31/2026no vacancies, no hassle! Located just blocks from the beach in a high-demand rental market, this bright and airy unit boasts an open floor plan, stainless steel appliances, a large walk-in closet, and ample cooking space. With a proven rental history, this is a hands-off, profitable investment in one of Miamis hottest locations.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- BedroomOnMainLevel
- FirstFloorEntry
- Flooring: Vinyl
Appliances
- Dishwasher
- ElectricRange
- Microwave
- Refrigerator
- TrashCompactor
- Laundry Features: CommonArea
Heating and Cooling
- Cooling Features: CentralAir
- Heating Features: Central
- Heating: Yes
Exterior and Lot Features
Garage and Parking
- Parking Features: OnStreet
Homeowners Association
- Association: Yes
- Association Amenities: Laundry
- Association Fee: 466
- Association Fee Frequency: Monthly
- Association Fee Includes: Insurance, Laundry, MaintenanceStructure
- Calculated Total Monthly Association Fees: 466
- Pets Allowed: Conditional, Yes
Other Property Info
- Annual Tax Amount: 3408
- Source Listing Status: Active
- County: Miami-Dade
- Tax Year: 2024
- Ownership: Sole Proprietor
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: PENN PLAZA CONDO
- Parcel Number: 02-42-03-246-0010
- Postal City: Miami Beach
- Postal Code Plus 4: 4920
- Subdivision: PENN PLAZA CONDO
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 580
- Year Built: 1925
- Building Area Total: 580
- Construction Materials: Block
- Entry Level: 1
- Entry Location: 1
- Property Age: 100
- Property Attached: Yes
- Building Total Stories: 3
- Year Built Details: Resale
Home Features
- Security Features: ComplexFenced, KeyCardEntry