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Condominium
$316,888$461 / sqft
1236 Alton Rd # 402, Miami Beach FL 33139
Listed
1
Bedrooms
2
Bathrooms
687 sqft
Interior
1981
Year built
$638 / mo
HOA
Condominium
Type
About this home
Amazing opportunity to own a beautiful 1-bedroom and 1 and a half bathrooms residence on Alton Road in Miami Beach! This highly sought-after 02 line offers stunning park and city views from every room and will not last. Enjoy a spacious floor plan featuring tasteful updates throughout, including custom cabinetry, stainless steel Jenn-Air appliances, a brand-new dishwasher, granite countertops, bamboo hardwood flooring, wine cooler. Electric tankless water heater. The unit features a generous walk-in closet, 1.5 bathrooms, and one assigned covered parking space. Recently maintained A/C unit for added peace of mind. Super low maintenance fees, all special assessments paid in full, and the 40-year inspection is in process. Ideally located in a dynamic yet relaxed setting, just steps from everyday conveniences and minutes to Lincoln Road in the heart of South Beach. Dear for Investors. NO RENTAL RESTRICTIONS. Owner motivated send your offer!
Features
- Closet Cabinetry
- Elevator
- Walk-In Closet(s)
- None
- Open Balcony
- Skyline
Leasing
- Minimum lease
- 2 days
- Leases permitted per year
- 183
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Run the numbers
We fill in the price and the building's HOA dues. That leaves 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 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,350–$4,500.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the 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 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.