Off-Market Condo at 1308 Drexel Ave, Miami Beach, FL 33139
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1308 Drexel Ave, Miami Beach, FL 33139

Unit - #104

$258,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $183 per day and long-term for an average of $2,122 per month, based on similar listings in the area. Estimated short-term cap rate of 10.0%. Estimated long-term cap rate of 2.3%. Best 1 bedroom/1 bath apartment in Miami Beach. Cozy and completely upgraded with new floors, new bathroom, terrazo stone on walls and floors. Located in a boutique art deco building and within walking distance to the beach, espanola way, lincoln road and restaurants. Please see broker remarks for showings.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$3149
Bedrooms
1
Bathrooms
1
SQFT
560
Furnished
N/A
Year built
1925
Listing Status
Off Market
MLS
A11732957

Short-term Rental Potential
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$45,492

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$460

Price/SQFT

Long-term Rental Potential
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$25,464

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,122/mo

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