2615 Collins Ave 24, Miami Beach, FL 33140 — MLS photo

Get More Info About This Property

2615 Collins Ave 24, Miami Beach, FL 33140

Active · Condominium

$515,000

2615 Collins Ave 24, Miami Beach, FL 33140

Beds
2
Baths
1
Living area
740 sq ft
$ / sq ft
$696/sq ft
Year built
1935
Lot size
—
HOA fee
$731 Monthly
Annual tax
$5,376

About this property

It's time to Explore an exceptional investment opportunity in the lucrative short-term rental market! This a 2-bedroom, 1-bath condo allows for AIRBNB and other Short-term rental platforms. Prime location with a free trolley stop right in front of the building, this property is strategically situated near popular attractions, including the boardwalk and beach. The unit has impact windows and has been meticulously upgraded and comes fully furnished, ensuring a seamless turnkey operation from day one. Currently listed on Airbnb, the property has garnered outstanding reviews, earning a remarkable 4.84-star rating and Superhost status. CLOSING COST ASSISTANCE AVAILABLE

Property location

Get Directions

2615 Collins Ave 24, Miami Beach, FL 33140

Loading property location…

Facts & features

Interior

Bedrooms
2
Bathrooms
1
Living area
740 sq ft
Flooring
Laminate
Appliances
Dryer, Electric Range, Microwave, Refrigerator, Washer
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Bedroom On Main Level, First Floor Entry, Elevator

Exterior & Structure

Property type
Condominium
Year built
1935
Stories
3
Construction
Block
Exterior features
Security High Impact Doors
View
Other

Parking

Garage spaces
0
Covered spaces
0
Parking features
None, On Street

HOA, Community & Financials

Association fee
$731 Monthly
Fee inclusions
Association Management, Insurance, Legal Accounting, Maintenance Structure, Roof, Sewer, Trash, Water
Amenities
Trails, Elevators
Security
Key Card Entry, Phone Entry
Pets allowed
Conditional, Yes
Annual tax
$5,376
Subdivision
JASMINE CONDO
County
Miami-Dade
Days on market
690
MLS listing ID
A11652100
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

-$1,448

Cap rate
2.3%
Net yield
2.3%
Cash-on-cash return
-12.0%
Gross yield
6.4%
Mortgage payment
$2,441/mo
Down payment
$128,750
Loan amount
$386,250
Annual NOI
$11,925

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