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Condominium
$190,000$864 / sqft
255 W 24th St # 435, Miami Beach FL 33140
Listed
0
Bedrooms
1
Bathrooms
220 sqft
Interior
1941
Year built
None
HOA
Condominium
Type
About this home
WOW! BALCONY UNIT AT THE MANTELL . A hidden Gem in South Beach. The Mantell Plaza , 1 block to the beach. Unit 405 sits with the trees looking at the city skyline and tropical palms. Bright picture window and end balcony high impact door. Original Deco bath. 181 day minimum rental allowed. Maintenance includes high speed internet, electricity, cable TV, water, sewer and reserve funds. No other utility bills. Private pool, laundry facilities, community room, lush tropical gardens & gym. Optional storage. Quiet neighborhood. One block to beach at 24th st. 2023 elevator. Porter on siteProfessional management. Cash only. ENJOY TROPICAL living in a peaceful well maintained property. SIRS completed, permit closed. So much potential!
Features
- Interior Hall
- Lobby
- Fire Sprinklers
- East Of Us1
- Open Balcony
- Skyline
Leasing
- Minimum lease
- 181 days
- Leases permitted per year
- 2
- Ok To Lease
- Okay To Lease 1st Year
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
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 $1,880–$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.