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Condominium
$189,000$386 / sqft
1250 Drexel Ave # 8, Miami Beach FL 33139
Listed
0
Bedrooms
1
Bathrooms
490 sqft
Interior
1939
Year built
$801 / mo
HOA
Condominium
Type
About this home
Warm light and palm tree shades coming through your window while enjoying an island life on this spacious Art Deco design. The unit features an open space kitchen and dining area separated from the living room by thoughtfully designed french doors adding not just character but also functionality to this amazing unit. The space can be easily split into 2 sleeping areas with both having separate access to the bathroom in case of hosting guests. It also benefits from 2 reach-in closets and a walk-in closet offering great storage space. Located on the second floor with only one neighbor in front, this unit offers privacy and tranquility. Enjoy the convenience of a shared laundry room and also permitted in unit washer and dryer. Schedule your tour today- the unit is a "must see " Bathroom recently remodeled, Roof was recently replaced.
Features
- Second Floor Entry
- No Additional Rooms
- East Of Us1
- Other View
Leasing
- Minimum lease
- 181 days
- Leases permitted per year
- 2
- No Daily Rentals
- Ok To Lease
- Okay To Lease 1st Year
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 studio rentals in Miami Beach, from 200 active listings; the middle half ask $1,880–$3,500.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.