18260 N Bay Road 304, Sunny Isles Beach, FL 33160 — MLS photo

Active · Condominium

$700,000

18260 N Bay Road 304, Sunny Isles Beach, FL 33160

Beds: 2
Baths: 2
Living area: 950 sq ft
$ / sq ft: $737/sq ft
Year built: 1993
Lot size: —
HOA fee: $1,040 Monthly
Annual tax: $5,217

About this property

Rarely available 2 bedroom 2 bathroom unit with huge lanai-type patio with incredible intracoastal water and bay views. Cable TV and Internet. Washer and dryer inside unit. Open Kitchen. Spacious walk-in closet. Tiles through-out. One assigned parking space in the covered garage. Walk to the Ocean, Local grocery stores. A-rated Sunny Isles school is across the street. Very quiet building! No pets allowed as per association. Very flexible rental policy - CAN BE RENTED FOR MINIMUM 2 WEEKS.

Property location

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18260 N Bay Road 304, Sunny Isles Beach, FL 33160

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Facts & features

Interior

Bedrooms: 2
Bathrooms: 2
Living area: 950 sq ft
Flooring: Ceramic Tile
Appliances: Dryer, Dishwasher, Microwave, Other, Refrigerator, Wine Cooler, Washer
Cooling: Central Air, Ceiling Fans
Heating: Other
Interior features: Entrance Foyer, Main Living Area Entry Level
Furnished: Furnished

Exterior & Structure

Property type: Condominium
Year built: 1993
Stories: 7
Lot size: 0 sq ft
Architectural style: Cluster Home
Construction: Block
Exterior features: Balcony
Pool: Pool, Private, Association, Community
Waterfront: Intracoastal Access, Other
View: Bay

Parking

Garage spaces: 1
Covered spaces: 2
Parking features: Assigned, Attached, Garage, Guest, One Space, Garage Door Opener

HOA, Community & Financials

Association fee: $1,040 Monthly
Fee inclusions: Insurance
Amenities: Maintenance, Other, Pool, Elevators
Security: Other
Pets allowed: No
Annual tax: $5,217
Subdivision: LES PELICANS CONDO
County: Miami-Dade
Days on market: 1110
MLS listing ID: F10403099
Listing status: Active

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Estimated monthly cash flow

-$1,930

Cap rate: 2.4%
Net yield: 2.4%
Cash-on-cash return: -11.8%
Gross yield: 6.2%
Mortgage payment: $3,318/mo
Down payment: $175,000
Loan amount: $525,000
Annual NOI: $16,661

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