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Condominium
$315,000$438 / sqft
1308 Drexel Ave # 103, Miami Beach FL 33139
Listed
2
Bedrooms
1
Bathrooms
720 sqft
Interior
1925
Year built
$856 / mo
HOA
Condominium
Type
About this home
Attention Investors, second home owners. Renovated 2 bedrooms apartment. Plenty of natural light, southern exposure. White ceramic tiles throughout, open-concept brand new breakfast quartz countertop in kitchen, new stainless steel appliances. All impact windows, new A/C, brand new custom California closets. Great location, only 2 blocks from the beach. Habana is a classic boutique building in the heart of the Art Deco neighborhood with style, charm and character. Steps from the iconic Ocean Drive, and the vibrant entertainment lifestyle that South Beach can offer, Lincoln Road Mall, Flamingo Park, chef's eateries, shops and more. Enjoy a serene interior tropical courtyard lounge for outdoor space. Laundry room, Amazon package locker, bike storage racks, FOB access. Building has reserves & passed 40/50 certification. Freshly Painted. Sold Unfurnished AS IS. Walk to Flamingo Park for all the amenities like pool, soccer fields, playground and more. Street Residential Zoned Parking. Call now for an appointment and more information! Tenant Occupied. Rented until May 2027. Buy and start making money. Please 24 hrs notice minimum for showing.
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Courtyard
- Other View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- No Lease-1st Year Owned
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 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,595–$10,000.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.