1250 Drexel Ave #7

1250 Drexel Ave #7, Miami Beach, FL 33139

Photos

Asking Price: $199,500

Close of Escrow: On Or Before 10/2/25

0 Bed / 1 Bath

Total: 505 Sq Ft

Year Built: 1939

Property Details:

Utilities: City Water, City Sewer Current Occupancy: Tenant

Closing Occupancy: Tenant

System Conditions:

Roof: 1 years old - Working

HVAC: 6 months old - Working

Water Heater: Less Tham 5 years old - Working

Comparable Sales Breakdown

1250 Drexel Ave #9, Miami Beach, FL 33139 – Active

0 Bed / 1 Bath

497 Sq Ft

Residential - Rent Ready Condition

Listed For Rent at $2,150/mo

View Listing

1242 Drexel Ave APT 103, Miami Beach, FL 33139 –

Active

1 Bed / 1 Bath

520 Sq Ft

Residential - Flip CompListed at $275,000

View Listing

Additional Disclosures

Tenant pays $2,000/Month and has 8 months on lease until

May 4th 2026

HOA $750/Month Re-certifications recently completed

Tenant Covers Utilities & Property taxes were $3,050 for 2024

⚠️ Important Notice: OfferMarket listings are third-party listings. For your safety, please use the "Talk to Seller" feature built into each listing. This allows our team to review communications and helps prevent scams on the platform.

Resources:

• Run the numbers with rehab costs using our Cash Offer Calculator.
• Run this scenario through our DSCR Calculator.
• Run this scenario through our Fix and Flip Calculator.

Ready to invest? OfferMarket is a real estate investing platform featuring off-market deals, private lending, investment property insurance. Get instant loan quote and pre-approval for this listing. Start exploring deals now!