2555 Collins Ave 306, Miami Beach, FL 33140 — MLS photo

Active · Condominium

$1,098,000

2555 Collins Ave 306, Miami Beach, FL 33140

Beds: 2
Baths: 2
Living area: 1,037 sq ft
$ / sq ft: $1,059/sq ft
Year built: 1982
Lot size: —
HOA fee: $1,149 Monthly
Annual tax: $10,598

About this property

MUST SEE UNIT. FULLY RENOVATE, HOTEL 5 STAR STILE, ELEGANT, COSY, SOFISTICATE BUILDING. OFFERS 24/7 FRONT DESK ATTENDANT, VALET PARKING, GYM, RECREATION ROOMS. IDEAL LOCATION STEPS TO SOBE NIGHTLIFE, RESTAURANTS, MUSEUMS, SHOPS & A MULTITUDE OF SERVICES. THE BUILDING IS RIGTH NEXT TO THE OCEAN VIEW BORDWALK ,VIBRANT ANERGY AND FULL IMMERSION ON THE YOUNG GENERATION

Property location

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2555 Collins Ave 306, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms: 2
Bathrooms: 2
Living area: 1,037 sq ft
Flooring: Ceramic Tile
Appliances: Dishwasher, Electric Range, Refrigerator
Cooling: Electric
Heating: Heat Pump
Interior features: Closet Cabinetry, Living Dining Room, Other, Elevator
Furnished: Furnished

Exterior & Structure

Property type: Condominium
Year built: 1982
Stories: 26
Architectural style: None
Construction: Brick, Block
Exterior features: Patio
Pool: Association
Waterfront: Ocean Access, Ocean Front
View: Water

Parking

Garage spaces: 1
Covered spaces: 1
Parking features: Assigned

HOA, Community & Financials

Association fee: $1,149 Monthly
Fee inclusions: Amenities, Common Areas, Laundry, Parking, Pools
Amenities: Fitness Center, Pool, Elevators
Security: Elevator Secured, Fire Sprinkler System
Pets allowed: Conditional, Yes
Annual tax: $10,598
Subdivision: CLUB ATLANTIS CONDO
County: Miami-Dade
Days on market: 453
MLS listing ID: A11646318
Listing status: Active

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Monthly HOA ($)

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Estimated monthly cash flow

-$3,480

Cap rate: 1.9%
Net yield: 1.9%
Cash-on-cash return: -13.6%
Gross yield: 5.3%
Mortgage payment: $5,205/mo
Down payment: $274,500
Loan amount: $823,500
Annual NOI: $20,697

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