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Condominium
$299,900$441 / sqft
1255 Pennsylvania Ave # 307, Miami Beach FL 33139
Listed
2
Bedrooms
1
Bathrooms
680 sqft
Interior
1925
Year built
$937 / mo
HOA
Condominium
Type
About this home
TOP-FLOOR 2BR IN THE HEART OF SOUTH BEACH **GREAT FOR END USERS OR INVESTMENT!** Bright and updated 2BR/1BA residence in the charming Roosevelt Art Deco building, offering nearly 700 SF of comfortable living space with central A/C, in-unit washer/dryer, elevator access, and plenty of natural light. Located on the top floor with no neighbors above. Currently occupied by an excellent tenant, making this an attractive opportunity for an investor looking for immediate rental income. The building features a new roof and is ideally located in the heart of South Beach — just a few blocks from the beach and close to Lincoln Road, Flamingo Park, restaurants, shopping, and everything Miami Beach has to offer. A rare opportunity to own a true 2-bedroom in South Beach under $300K with a strong combination of location, lifestyle, and rental potential!
Features
- Other
- East Of Us1
- Garden View
- Other View
Leasing
- Minimum lease
- 181 days
- Leases permitted per year
- 2
- 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.
Location
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.