945 Michigan Ave # 5, Miami Beach, FL 33139

Description of 945 Michigan Ave # 5, Miami Beach, FL 33139

This condo it is rented till August 2027. Amazing Opportunity in Miami Beach!Why should I buy this condo? Rare chance to own one of the best values currently available in the area. Built in 2007, this newer boutique building offers features that are difficult to find at this price point.Association requirements are buyer-friendly with no minimum credit score requirement, no income verification requirement, and no minimum down payment requirement imposed by the association. Unlike many buildings in the area, you don't need a large down payment to buy. Qualified buyers may finance with as little as 3%-5% down, potentially saving tens of thousands of dollars compared to condos requiring 20%-25% or more down. Many condos in the same price range are located in much older buildings dating back to the 1950s, while this property combines modern construction with extensive recent building improvements. The building features assigned indoor parking, two beautiful rooftop terraces, impact windows and doors, and has recently completed major upgrades including building recertification/inspection, concrete restoration work, new roof, and a complete interior and exterior repainting. Inside, the unit has been updated with brand-new flooring in both bedrooms, a new A/C unit, and includes a washer, dryer, dishwasher, and more. Spacious layout, modern construction, and a prime Miami Beach location make this an exceptional value ! Schedule your showing today.

Property Details for 945 Michigan Ave # 5, Miami Beach, FL 33139

Bathrooms Full

2

Bathrooms Half

0

Interior Features

Elevator

Appliances

Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer

Flooring

Tile, Wood

Heating

Electric

Cooling

Electric

Garage Spaces

1

Attached Garage

Yes

Parking Features

1 Space, Additional Spaces Available, Parking-Under Building

Pool Private

No

Year Built Details

Resale

Building Information for 945 Michigan Ave # 5, Miami Beach, FL 33139

Building Name

THE TERRACE CONDO

Building Area Total

976

Building Area Units

Square Feet

Stories Total

4

Entry Level

3

Association

Yes

Association Fee

$1,456

Association Fee Frequency

Monthly

Association Amenities

Elevator(s)

Security Features

Smoke Detector, Phone Entry, Secured Garage/Parking

Property Information for 945 Michigan Ave # 5, Miami Beach, FL 33139

Waterfront

No

View

Garden View

Construction Materials

CBS Construction

Exterior Features

None, Open Balcony

New Construction

No

Public Records for 945 Michigan Ave # 5, Miami Beach, FL 33139

Parcel Number

02-42-03-336-0050

Tax Annual Amount

$6,685

Tax Year

2025

Tax Legal Description

THE TERRACE CONDO UNIT 5 UNDIV 975.85/7232.26 INT IN COMMON ELEMENTS OFF REC 26092-2051

County Or Parish

Miami-Dade County

Schools Near 945 Michigan Ave # 5, Miami Beach, FL 33139

Middle School

Nautilus

High School

Miami Beach

School assignments are provided by the listing and should be independently verified.

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