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Condominium
$210,000$483 / sqft
1400 Pennsylvania Ave # 24, Miami Beach FL 33139
Listed
0
Bedrooms
1
Bathrooms
435 sqft
Interior
1965
Year built
$438 / mo
HOA
Condominium
Type
About this home
This South Beach studio condo is located a few blocks away from the beach and Lincoln Road offering an excellent location for those looking to enjoy the best of Miami Beach. The condo features a classic layout overlooking a tropical courtyard. With the ongoing special assessment, this residence is scheduled to receive both a new mini split A/C system and all new impact windows & doors. One of the best features of this studio is the assigned parking space that comes with it. You won't have to worry about finding parking on the street, a rarity in this area and price range! Don't wait, reach out today for questions and showings.
Features
- First Floor Entry
- Other
- None
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
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.
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
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.