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Condominium
$249,000$778 / sqft
255 W 24th St # 330, Miami Beach FL 33140
Listed
0
Bedrooms
1
Bathrooms
320 sqft
Interior
1941
Year built
$760 / mo
HOA
Condominium
Type
About this home
VERY RARE OPPORTUNITY AT MANTELL PLAZA! Bright, beautifully renovated studio with one of the building’s few ACTIVE SHORT-TERM RENTAL LICENSES — offered fully furnished and turnkey, ready to generate income immediately. Boutique building - only one block from the Beach. Gorgeous tree lined residential street but only Minutes away from all that SoBe has to offer. What truly sets this unit apart is the light: large windows facing both EAST and WEST fill the space with natural sunlight throughout the day. Enjoy beautiful morning sunrises, warm afternoon light and gorgeous Miami Beach sunsets — even the charming Art Deco bathroom has its own window! Brand new AC. Fiber internet and electricity are included in the monthly HOA fees. Storage units available for rent plus building has healthy reserves The residence features a sleek, fully renovated white kitchen with stainless-steel refrigerator and microwave, a king-size bed, pull-out sofa and is completely turn-key. This is a rarely available line combining exceptional natural light, character and the tremendous advantage of an active short-term rental license. Turnkey, bright, happy and income-producing from day one. Don’t miss this one!
Features
- Lobby
- Pantry
- East Of Us1
- Fruit Trees
- Garden View
- Other View
Leasing
- Minimum lease
- 7 days
- Leases permitted per year
- 52
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for studio rentals in Miami Beach, from 200 active listings; the middle half ask $1,850–$3,300.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter 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. We are not a lender and neither offer nor arrange financing. 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.