2655 Collins Ave 706, Miami Beach, FL 33140 — MLS photo

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2655 Collins Ave 706, Miami Beach, FL 33140

Active · Condominium

$440,000

2655 Collins Ave 706, Miami Beach, FL 33140

Beds
2
Baths
2
Living area
1,122 sq ft
$ / sq ft
$392/sq ft
Year built
1975
Lot size
—
HOA fee
$3,600 Quarterly
Annual tax
$7,831

About this property

Step up to oceanfront views. Purchase with tenants, Leased through 30 Nov., 2026. Finishing up 40/50 year inspections and aesthetic upgrades to common areas. Sm assessment paid in full, in Sept. CASH purchase only at this time. Currently used as 2 bedroom/ 2 baths or 1 bedroom with office/den with ocean views. Lots of natural lighting from the Southern exposure of your private balcony. AC (2023) and all new lighting. Large walk-in closet in primary bedroom, Hall linen closet and a wall of closet plus extra storage available. 1 covered garage parking. City lot across the street for guests. 24-hr front desk coverage, On-site management, Pool, community room, billiards, sauna, gym. 24 hr notice to show. No weekend showings. Rentals allowed 1x per year, 3 months minimal, no airbb, no short-term

Property location

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2655 Collins Ave 706, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,122 sq ft
Flooring
Hardwood, Tile, Wood
Appliances
Dishwasher, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Bathtub, Convertible Bedroom, Closet Cabinetry, First Floor Entry, Living Dining Room, Custom Mirrors, Main Living Area Entry Level, Split Bedrooms
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1975
Stories
25
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony
Pool
Heated
Waterfront
Ocean Access, Ocean Front
View
Ocean, Skyline

Parking

Garage spaces
1
Covered spaces
1
Parking features
Attached, Covered, Garage, One Space, Garage Door Opener

HOA, Community & Financials

Association fee
$3,600 Quarterly
Fee inclusions
Association Management, Amenities, Common Areas, Cable Tv, Insurance, Laundry, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Pools, Recreation Facilities
Amenities
Billiard Room, Bike Storage, Business Center, Clubhouse, Fitness Center, Laundry, Pool, Sauna, Storage, Trails, Elevators
Security
Secured Garage Parking, Key Card Entry, Lobby Secured, Fire Sprinkler System, Smoke Detectors
Pets allowed
Conditional, Yes
Annual tax
$7,831
Subdivision
MIRASOL OCEAN TOWERS COND
County
Miami-Dade
Days on market
915
MLS listing ID
A11454643
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$1,288

Cap rate
2.2%
Net yield
2.2%
Cash-on-cash return
-12.5%
Gross yield
8.8%
Mortgage payment
$2,086/mo
Down payment
$110,000
Loan amount
$330,000
Annual NOI
$9,573

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.