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1320 Drexel Ave #305
Miami Beach FL 33139
$327,000
Affordability
Monthly Mortgage for Unit 305
$327,000$65,400 20%
30 Year Fixed at 6.75% Adjust
$1,681/month
Property Description
Attention Investors, strong cash flow asset. One of the cheapest renovated 2/2 condo in South Beach. The Apartment is located in the only side and floor that have unobstructed views. Building also is completely remodeled, needs nothing. Tenant paying $2.890.00 monthly. Fully furnished Impeccable and mint 2 beds 2 full baths. tons of light. New Furniture. Everything is almost new. Washer and dryer inside the unit. 2 blocks to beach, Historic boutique condo. Fully remodeled building in 2023/2024 with new roof, stucco, paint, and renovated lobby and hallways. Very well-maintained, with secured gated access. Building have reserves and needs nothing .Gated w/ nice courtyard & secure access! TONS OF UPGRADES TO BUILDING just finalized: NEW high impact windows & NEW doors, hallways and lobby.
Property Details
- Unit #
- 305 (floorplan)
- Bedrooms
- 2
- Bathrooms
- 2
- Maintenance Fee
- $689/mo
- Tax year
- 2023
- Living Area
- 580 sq ft.
- $/Sqft
- 564
- Living Area (M2)
- 53.882
- Year Built
- 2005
- Tax Amount
- $
- Status
- Under Contract
- Listing Type
- Highrise Condo
- Buiding
- One Miami
- Tower
- West
- Internet/Ethernet
- Yes
- Days On Website
- 2 weeks
- Pool
- Yes
- Pets Allowed
- N/A
- Parking Spots
- 0
- Valet Services
- Yes
Property Amenities
Interior Features
- Interior Hall
- Third Floor Entry
Exterior Features
- East Of Us1
- Other
Equipment
- Dryer
- Electric Water Heater
- Microwave
- Electric Range
- Refrigerator
- Washer
Map Location
Similar Units
| Address | Unit # | Price | %Chng | Bed/Bath | Square Feet | Square m2 | Maint/$ |
|---|---|---|---|---|---|---|---|
| 1027 Euclid Ave #5 | 5 | $190,000 | 1/1 | 400 | 37 | $550 | |
| 642 Michigan Ave #6 | 6 | $195,000 | 0/1 | 290 | 27 | $504 | |
| 1320 Drexel Ave #305 | 305 | $327,000 | 2/2 | 580 | 54 | $689 | |
| 401 Ocean Dr #225 | 225 | $395,000 | 1/1 | 655 | 61 | $638 | |
| 227 NE 2nd St #1513 | 1513 | $420,000 | 0/1 | 420 | 39 | $600 | |
| 227 NE 2nd St #2611 | 2611 | $425,000 | 0/1 | 446 | 41 | $612 | |
| 0 #206 | 206 | $429,000 | 1/1 | 659 | 61 | $576 | |
| 1052 Ocean Dr #C503 | C503 | $469,000 | 1/1 | 474 | 44 | $1,312 | |
| 335 S BISCAYNE BLVD #2010 | 2010 | $590,000 | 1/1 | 846 | 79 | $1,017 | |
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| 400 Alton Rd #808 | 808 | $1,900,000 | 2/2 | 1,600 | 149 | $1,600 | |
| 300 Biscayne Blvd Way #1809 | 1809 | $1,990,000 | 2/2 | 1,578 | 147 | $1 | |
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| 300 Biscayne Blvd Way #4802 DUPLEX | 4802 DUPLEX | $9,300,000 | 5/6 | 4,434 | 412 | $7,019 | |
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Recent Similar Sales/Rentals
1 Bedroom Apartments Recent Sales
| Unit # | Closed Date | Sold Price | List Price | Bed | Bath | Living Area | Days on Market |
|---|---|---|---|---|---|---|---|
| 1123 | 09/19/2024 | $667,000 | $699,000 | 1 | 1 | 655 | 2 months |
| Number of Units | Avg Price | Avg $/SQFT | Lowest Sale Price | Highest Sale Price | Avg Days on Market |
|---|---|---|---|---|---|
| 1 | $667,000 | $1,067 | $667,000 | $667,000 | 79 |
3 Bedroom Apartments Recent Sales
| Unit # | Closed Date | Sold Price | List Price | Bed | Bath | Living Area | Days on Market |
|---|---|---|---|---|---|---|---|
| 1501 | 10/07/2024 | $1,000,000 | $1,035,000 | 3 | 2 | 2,200 | 4 months |
| Number of Units | Avg Price | Avg $/SQFT | Lowest Sale Price | Highest Sale Price | Avg Days on Market |
|---|---|---|---|---|---|
| 1 | $1,000,000 | $470 | $1,000,000 | $1,000,000 | 137 |
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