Studio in the Condo in Miami Beach, Florida № 2006379

Property description

Rarely available corner unit in The Lexington, a classic Mediterranean-style Art-Deco boutique building with only 15 units in the heart of the Flamingo Park neighborhood. This exceptionally bright, sun-filled unit features 6 expansive windows all upgraded to high-impact glass offering enhanced privacy, maximum storm protection, and a quiet living environment. The property is an investor’s dream, featuring a reliable, long-term tenant already in place paying $2,000/month. The building is exceptionally well-maintained, boasting fully funded reserves, a new roof (2020), and has successfully passed its 40-year recertification including concrete restoration. Washer and dryer facilities are conveniently located on the same floor. Prime Location: Situated on a tranquil residential street just 4 blocks from the beach and within easy walking distance to Lincoln Road, Española Way, and South Pointe Park. Monthly association fee includes water. Enjoy immediate rental income and long-term stability in one of Miami Beach’s most sought-after and walkable residential pockets.