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Condominium
$249,000$314 / sqft
505 74th St # 6B, Miami Beach FL 33141
Listed
1
Bedrooms
1
Bathrooms
792 sqft
Interior
1952
Year built
$844 / mo
HOA
Condominium
Type
About this home
Located in the heart of North Beach, this beautifully maintained and oversized 1-bedroom, 1-bath residence offers the perfect blend of charm, location, and investment potential. Situated on the second floor of a classic Art Deco building, the unit features the rare convenience of an in-unit washer and dryer, a highly desirable upgrade in this area. Just two blocks from the beach and steps from Collins Avenue, you are surrounded by top restaurants, cafés, and everyday essentials including Publix. This prime location continues to gain attention, highlighted by recent activity on the same street. The unit is currently vacant and move-in ready, offering flexibility for both end users and investors. Its spacious layout and unbeatable location ensure strong rental demand year-round. Additionally, the building offers low monthly maintenance fees, further enhancing its appeal. A rare opportunity to own a piece of Miami Beach in one of its most vibrant and evolving neighborhoods.
Features
- Second Floor Entry
- Open Balcony
- None
Leasing
- Minimum lease
- 30 days
- Leases permitted per year
- 12
- 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.
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 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.