503 12th Street Unit 5, Miami Beach, FL 33139

$499,000
2
BD
2
BA
980
SqFt

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List Price
$499,000
Days on Market
149
MLS#
A11968062
Year Built
1940
Bedrooms
2
Bathrooms
2
Living Area
980
MLS Area Major
2320

Property Description

Best value 2 bedroom 2 bathroom in South Beach for this size. Spacious 980 square foot first-floor Art Deco condo in the heart of South Beach, just steps from Washington Avenue and a short walk to the beach.Bright unit with excellent natural light and great layout, offering a strong value-add opportunity for buyers looking to renovate and create equity.Located in a gated community with exceptionally low HOA for a unit of this size and no current assessments, keeping monthly carrying costs far below comparable properties in the area. Flexible rental policy allows up to four leases per year with a 90 day minimum, making it ideal for both end-users and investors.Features include original Florida pine wood floors, decorative fireplace, impact windows, and newer AC system. Oversized kitchen layout provides ample space for redesign and modernization.Additional highlights include assigned storage, extra basement storage, and access to a shared outdoor yard area. City garage parking conveniently located nearby. Washer and dryer installation permitted per association.Opportunity to own one of the largest 2/2 floor plans in this price range in South Beach with low carrying costs, no assessments, and strong upside potential.

Additional Information

Taxes
$3,781
Hoa Fee
$550
Interior Features
Bedroom on Main Level, Bathtub, Main Level Primary, Soaking Tub
Appliances
Gas Range
Utilities
Cable Available
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Block
Elementary School
Miami Beach Fienberg / Fisher K-8
High School
Miami Beach

Listing courtesy of Krimus Realty, LLC..

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