Apartments for sale in Miami Beach, USA

A compact condominium worth $350,000 in the residential complex House 5, located at 1560 Meridian Avenue #207. The total area of the property is 519 square feet (approximately 48.2 m2).

Specifications:

1 bedroom

1 bathroom

There is no finishing - you can make repairs according to your own project.

Convenient layout for personal living, rental or investment

Location and infrastructureThe property is located in the heart of Miami Beach, within walking distance of the beach, popular shopping malls, fine restaurants and active nightlife. The area is consistently in demand among tenants and buyers due to its convenient location, well-developed transport accessibility and a year-round tourist flow.

Investment potential and rentThis facility can be rented profitably both on a short-term and long-term basis. The average cost of renting similar apartments in downtown Miami Beach ranges from $2,600 to $3,200 per month, depending on the season and the condition of the finishes.

Apartments without finishing are in demand from investors who prefer to implement original design projects and increase the cost of the facility after renovation.

Price dynamics in the real estate marketOver the past 5 years, the cost of residential real estate in the central areas of Miami Beach has increased by an average of 38%, which is equivalent to 6.7-7.4% per annum. Objects within a radius of 500 meters from the beach have been added to the price especially actively.

Condominiums in this part of the city are steadily maintaining liquidity due to the constant demand from tourists, seasonal tenants and buyers from the United States and Latin American countries.