255 W 24th St 204 Miami Beach, FL 33140
Listing Courtesy of: MIAMI / Coldwell Banker Realty / Jean Francois Collobert

  255 W 24th St 204 Miami Beach, FL 33140

Active (173 Days)
$295,000
1
BATH
320
SQFT

Description

INVESTMENT OPPORTUNITY | SOUTH BEACH ART DECO CONDO | ROI 2025-26: 4.25%-5.25%



TURNKEY INCOME-GENERATING UNIT IN PRIME MIAMI BEACH LOCATION. CASH-FLOW POSITIVE. NO RENTAL RESTRICTIONS. LEASED AT $1,800/MO – ZERO VACANCY THROUGH 03/2026. NET OPERATING INCOME: $12,480/YEAR. HOA: $760/MONTH INCLUDES WATER, SEWER, ELECTRICITY, INSURANCE, CABLE TV, WIFI. FULLY RENOVATED. NO REPAIRS NEEDED. COMPLETED RECERTIFICATION. PLUMBING, ELECTRICAL, FACADE, POOL, BIKE ROOM, ENTRANCE INTERCOM: ALL ASSESSMENTS PAID. BEST FLOOR PLAN IN THE MANTELL. RARE FIND FOR INVESTORS SEEKING NO-RISK STABLE RETURNS IN A HIGH-DEMAND RENTAL MARKET. SELLER MOTIVATED. ACT FAST—THIS WON’T LAST!!

MLS #:
A11699777
Taxes
$3,696(2024)
Type
Condo
Year Built
1941
Views
Garden
County
Miami-Dade County
Community
The Mantell Condo

Listed By

Jean Francois Collobert, Coldwell Banker Realty
Source
MIAMI
Last checked May 19 2025 at 9:02 AM GMT+0000
Bathroom Details
  • Full Bathroom: 1
Interior Features
  • Walk-In Closet(s)
  • Gas Range
  • Microwave
Subdivision
  • The Mantell Condo
Heating and Cooling
  • Ceiling Fan(s)
  • Wall/Window Unit(s)
Pool Information
  • Association
Homeowners Association Information
  • Dues: $760
Flooring
  • Tile
Parking
  • On Street
Living Area
  • 320 sqft
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Feb 07, 2025
Price Changed
$295,000
-6%
-20,000
Nov 27, 2024
Original Price
$315,000
-
-
Disclaimer: Copyright 2025 Miami Association of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 5/19/25 02:02