Home » Miami Beach » Ohio Apartment Building at 1550 Drexel Ave Miami Beach » 1550 Drexel Ave 205, Miami Beach, Florida 33139 | A11378627

1550 Drexel Ave 205, Miami Beach, Florida 33139 | Sold

$230,000
closed for a price of $220,000

Property Highlights

Listing ID A11378627 Status of this Listing: Closed Sold Property Type Residential Condominium 1 Bedrooms 1 Bathrooms Total 1 Full Bath Living Space 420 Sqft/39.02 m2 approx. Building Area 420 Sqft/39.02 m2 approx. Year Built 1925 Lease Term Minimum Duration: 365 What it means?Refers to a regulation set by the property association, stipulating that each rental agreement for the property must be for a duration of at least 365 days. This rule ensures that every time the property is rented out, the lease term cannot be shorter than the specified minimum period. Time of this property from published date until Closing Date 62 Days
13 Photos of this Property

1550 Drexel Ave 205, Miami Beach, Florida 33139

Property Description: Prime location! Spacious one bedroom one bath. Central AC. Lots of windows. Walking distance to Española way, Lincoln Road, Flamingo Park and the beach. Well kept building as it is made up of mostly end users. Laundry on site! Unit has a 7% return with potential for more with small upgrades.

Residential Condominium Sold located at 1550 Drexel Ave 205 Miami Beach Florida 33139 in Miami-Dade County referenced as ID MLS # A11378627. Find below more comprehensive details about this property. Get in touch with Rebonus, Realtors to arrange a personal viewing or a live video tour, or to submit an offer. If you are a property owner interested in selling a similar property, contact us and receive a free comparative market analysis. We also provide online video calls and meetings.

Useful Info

Contingency:No Contingencies
Original List Price:$230,000
Close Price:$220,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural Style:
  • Other
  • Spanish/mediterranean
Entry Level (floor):2
Entry Level Location:2
Construction Materials:
  • Block
Flooring:
  • Other
  • Vinyl
Number of stories:2
Possible Use:
  • Investment

Property Features

Waterfront:No
Appliances:
  • Dishwasher
  • Microwave
  • Refrigerator
  • Built-in Oven
  • Electric Range
Interior Features:
  • Living/dining Room
  • Bedroom On Main Level
  • Second Floor Entry
Exterior Features:
  • Fence
  • Courtyard
Laundry Features:
  • Common Area
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central
Building Features:
  • Exterior Lighting

Taxes and Expenses

Tax Annual Amount:$2,349

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023
Association Fee:$495
Association Fee Frequency:
  • Monthly

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Tenant
Buyer Possession:
  • Closing & Funding
Buyer Financing:
  • Cash
Lease Considered:No

Community

Pets Allowed?:
  • Yes
  • Conditional
Amenities Provided by the Homeowner's Association (HOA):
  • Laundry
  • None
Subdivision Name:OHIO APARTMENT BLDG CONDO
Association Fee Includes:
  • Sewer
  • Water
  • Trash
Complex Name:OHIO APARTMENT BLDG CONDO
Senior Community:No
Restrictions: OK To Lease

Parking

Garage Spaces:0
Covered Spaces:0
Parking Features:
  • On Street

More Details

Other Information:
Unit View: None
Housing Older Persons Act: No HOPA
Unit Design: Old Spanish,Other
Type of Association: Condo
Minimum Number of Days for Lease: 365
Type of Governing Bodies: Condominium
Tax Information: Tax Reflects No Exemptions
Buyer Country of Residence: Unknown/Withheld
Number of times allowed to lease per year: 1
Flood Zone : AE
Homeowner's Association Application Fee: 150
Rooms Description: Utility Room/Laundry
Style: Condo 1-4 Stories
FEMA Flood Zone Designations: AE
Municipal Code: 2
Subdivision Number: 111

Zoning and Legal

Tax Legal Description:OHIO APARTMENT BLDG CONDO UNIT 205 UNDIV 5.42% INT IN COMMON ELEMENTS OFF REC 17916-2715 OR 18699-3817 0699 1
Real Estate Folio Number (Parcel Number):02-32-34-111-0100
Public Survey Township:2
Public Survey Range:32
Public Survey Section:34

Listing History

Update/EventDate/Days
Published Date:April 27, 2023 12:00 am
On Market Date:April 27, 2023
Close Date:June 28, 2023
Price Change Date Time:April 27, 2023 6:04 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:July 11, 2023 2:12 pm
Status Last Changed:July 11, 2023 2:12 pm
Photos Last Modified:April 27, 2023 10:19 pm
Last Modified:July 11, 2023 6:13 pm
Days on the Market (updated on Last Modified*):25
Cumulative Days on the Market (updated on Last Modified**):149

Additional Information

Unit Location:Old Spanish,Other
Number of Photos Count:13
Area:32
Ref ID:1035885482
Automated Valuation Display:Yes
Courtesy of:Sterling Equity Realty LLC
Universal Property Id:US-12025-N-0232341110100-R-N

Location

Show Property Address:Yes
Street Name:Drexel Ave
Street Number:1550
Street Address:1550 Drexel Ave 205
Unit Number:205
City : Miami Beach
State : Florida
Zip Code : 33139
County : Miami-Dade County
Full Address:1550 Drexel Ave 205, Miami Beach, Florida 33139
Latitude:N25° 47' 18.7''
Longitude:W81° 51' 59.7''

Neighborhood

Postal City:Miami Beach

Property Map

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