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Condominium
$220,000$545 / sqft
1450 Meridian Ave # 102, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
404 sqft
Interior
2015
Year built
$600 / mo
HOA
Condominium
Type
About this home
*Property is leased until April 12, 2027 for $2,000/Month* Lowest priced condo for sale in the building! This fully remodeled 1-bedroom, 1-bath unit is turnkey and rent-ready, making it an ideal opportunity for investors or end users seeking a low-maintenance Miami Beach property.The residence features wood-grain tile flooring, stainless steel appliances, and a modern, updated bathroom. The queen-sized bedroom includes a built-in closet organizer and custom blackout shades. A major value add is the in-unit washer and dryer—rare in Miami Beach and highly desirable for tenants, increasing rental appeal and long-term value.Located on Meridian Avenue in the heart of Miami Beach, this condo offers close proximity to parks, beaches, local markets, public transportation, Downtown Miami, and Brickell, providing easy access to work, nightlife, and everyday conveniences. Internet, cable, water, and trash are included in the HOA, helping keep operating costs predictable.Can be sold furnished or unfurnished, allowing for immediate rental or personal use. Ideal as a primary residence, second home, or income-producing investment property in Miami Beach. This unit can be financed with 50% down, call listing agent for details.
Features
- First Floor Entry
- None
- Garden View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- 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 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,300–$3,850.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.