Admiral Towers investment opportunity

$235,000

1 bd 2 ba 1,006 sqft

1020 Meridian Ave APT 404, Miami Beach, FL 33139

Large corner residence (1,006 SqFt) in Admiral Towers waiting for you to make your own. This one bedroom condo boasts a window in every room, with east and south exposures overlooking tree-lined Meridian Avenue. The unit features an oversized balcony, tile floor throughout the apartment, eat-in kitchen and expansive master suite with walk-in closet. Welcoming South Beach neighborhood, conveniently located next to Flamingo Park. Building amenities include a swimming pool, garage parking, community room and bike storage.

LONG TERM RENTAL
Investment: $250,000
Gross Income/yearly: $21,600
Insurance/yearly: $600
Property taxes/yearly: $5,000
Management fees/yearly: $2,500
Income taxes/yearly: $2,700
Net income/yearly: $10,800
ROI/yearly: 4.3%

SHORT TERM RENTAL
Investment: $250,000
Gross Income/yearly: $32,000
Insurance/yearly: $600
Property taxes/yearly: $5,000
Management fees/yearly: $3,500
Income taxes/yearly: $3,200
Net income/yearly: $19,700
ROI/yearly: 7.8%

•   Type:Condo
• Year built:1969
• Heating:Forced air
• Cooling:Central
• Parking:No Data
• HOA:$579/month
• Price/sqft:$234

Bedrooms and bathrooms

• Bedrooms: 1
• Bathrooms: 2
• Full bathrooms: 1
• 3/4 bathrooms: 0
• 1/2 bathrooms: 1
• 1/4 bathrooms: 0

Flooring

• Flooring: Tile

Heating

• Heating features: Forced air

Cooling

• Cooling features: Central

Appliances

• Appliances included in sale:Range / Oven

Other interior features

• Total interior livable area:1,006 sqft

Construction details

Type and style

• Home type: Condo

Condition

• New construction: No
• Year built: 1969

Notable dates

• Major remodel year: 1969

Utilities / Green Energy Details

Utility

• Internet and tv:
  No Data

Green energy

• Sunscore:
  Great solar potential
  Sun Number™: 79.9