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Condominium
$1,080,000$841 / sqft
846 Michigan Ave # 101, Miami Beach FL 33139
Listed
3
Bedrooms
4
Bathrooms
1,284 sqft
Interior
1930
Year built
$520 / mo
HOA
Condominium
Type
About this home
LOW HOA! Located in the heart of SOBE, this renovated 3bed 3bath (each bed with its own bath) + guest bath is unique & one of a kind. Feels like a house in a Mediterranean-style boutique building with only 3 total units w/separate entrances & totally independent of each other. Features: Hurricane Impact windows, 5 color TVs, storage with AC, Laundry room, LED lights, new kitchen with SS apps, tiled floors, baths with Italian fixtures, bidet in master bath and spacious living room leading directly large outdoor PRIVATE garden with piano bar perfect for meetings & entertaining. Just a few blocks from S. Pointe, Ocean Dr, Lincoln Rd\tennis center and 5th & Alton shops, parks, shops, restaurants and nightlife. Low monthly HOA fee. Street Parking Accessible. Tenant Occupied. See broker remarks.
Features
- First Floor Entry
- Other
- Courtyard
- Other View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Ok To Lease
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
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 3-bed rentals in Miami Beach, from 103 active listings; the middle half ask $9,000–$38,000.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.