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2 Beds
2 Baths
993 sqft

$385,000

1236 Alton Rd, #304, Miami Beach FL, 33139

Price per sqft$387.71
Built in1981
Property size993 sqft
Property typeResidential

Overview

Active

Updated 10 days ago

Cozy, spacious, and updated 2-bedroom, 2-bathroom corner unit in the heart of South Beach. Ideally located on Alton Road, just moments from Lincoln Road, Flamingo Park, the bay walk, Whole Foods, the beach, and West Avenue. Set within a peaceful boutique building, this bright and inviting residence offers approximately 1,000 SF of interior space with a wonderful split floor plan, providing both privacy and functionality. The quiet corner unit enjoys an open layout with a beautiful dining and office area, generous living space, and an abundance of natural light throughout. The unit includes a private balcony, stainless steel appliances, an in-unit washer and dryer, and ample closet space. One assigned parking space in a gated garage is also included. Priced to sell and an exceptional value opportunity for both end users and investors alike. Surrounded by substantial new luxury development along West Avenue, the property is well-positioned within one of South Beach's most actively evolving neighborhoods, offering attractive long-term investment potential. Tenant-occupied at $3,350/month through April 2027, the property delivers immediate income with a cap rate of approximately 6%, making it a rare find in today's South Beach market. The building features full reserves, recertification nearing completion, and all special assessments paid by the seller (approximately $15,000). Schedule your private showing today.

$2,561/mo

Est. mortgage payment based on a $385,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
11679510

Interior Features

Bedrooms
2
Bathrooms
2
Heating
Yes
Basement
No

Other Property Details

Taxes
$5,761
Tax Frequency
Annually
Garage
Yes

Courtesy of Compass Florida, LLC with ,
Listing Contact:  

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