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Single Family Residence
$1,791,000$362 / sqft
1460 West Ave, Miami Beach FL 33139
Listed
2
Bedrooms
2
Bathrooms
4,952 sqft
Interior
1947
Year built
Single Family Residence
Type
About this home
NO Condo Fees. Rare opportunity to acquire three residences within a boutique four unit MiMo style building on a corner lot on West Avenue in South Beach. Offering flexible options for end users, investors, or multigenerational living, the property allows the ability to live in one residence while generating income from the others, create a live and work environment, or secure a long term value added investment. The building consists of four residences in total, with three oversized 2 bedroom, 2 bathroom units currently being offered for sale. Each residence is just under 1,200 square feet featuring spacious living areas, large dine in kitchens, flexible Florida rooms ideal for office, den, or additional living space, private front and rear entrances, and 3 onsite parking spaces. One unit is currently vacant, while two are occupied by long term tenants on month to month, providing immediate flexibility and income potential. Major capital improvements have already been completed, including a 10 year old roof, updated electrical and plumbing systems, impact windows, Central AC, tankless water heaters, and completed 40 year recertification. A comparable unit within the building recently leased for $3,150 per month, supporting strong rental demand in the area. Located just minutes from the beach, parks, cafés, restaurants, shopping, and everyday conveniences, This is a rare Miami Beach opportunity. Units may be available for individual sale
Features
- First Floor Entry
- Second Floor Entry
- French Doors
- Volume Ceilings
- Family Room
- Florida Room
- Other
Leasing
Run the numbers
We fill in the price. This listing doesn't state its HOA dues, so that's yours to enter too, along with tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals across Miami-Dade, from 159 active listings; the middle half ask $2,400–$3,900.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
Not stated in this listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter HOA, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.