255 W 24th St # 432, Miami Beach FL 33140
About this home
Great investment opportunity- great long-term tenant in place through July 14, 2027. South Beach studio just one block from the ocean in a charming boutique building with a pool and lush tropical gardens. Tucked away on a beautiful tree-lined quiet street, yet only moments from all the best of South Beach, this is the perfect opportunity to make your beachside dream a reality. Bright and inviting with tile floors throughout, cute kitchen with microwave, refrigerator, and cooktop, impact window with lovely tree-top views, and furnishings included for an easy move-in experience. All utilities are included: electricity, cable, internet, and water. Building has completed its recertification, has no assessments and carries reserves. Elevator building with secured beautiful lobby, community room, gym, bike storage and more. A true hidden gem offering incredible value in an unbeatable location. Low maintenance fees and immediate rentals allowed (6 month minimum lease). Just steps to world-class restaurants, shopping, cafés, and beach access via the nearby pedestrian bridge to the ocean. Rare opportunity as long-term owner is selling after many years of ownership.
Features
- Interior Hall
- Other
- Barbeque
- Courtyard
- Garden View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $758
- HOA
- $760 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.