5555 Collins Ave 8Z, Miami Beach, FL 33140 — MLS photo

Active · Condominium

$425,000

5555 Collins Ave 8Z, Miami Beach, FL 33140

Beds: 2
Baths: 2
Living area: 1,064 sq ft
$ / sq ft: $399/sq ft
Year built: 1967
Lot size: —
HOA fee: —
Annual tax: $4,485

About this property

Full service building located on Millionaires row with direct beach access. Beautiful beach and beach walk with resort style amenities and onsite restaurant. This 2/2 unit has a large blacony and views of Miami and intracoastal. Very spacious master bdrm. 24 hour security. Basketball, tennis court and racquetball court and gym. Pool is closed for now. Beach umbrella and chair at beach.

Property location

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5555 Collins Ave 8Z, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms: 2
Bathrooms: 2
Living area: 1,064 sq ft
Flooring: Ceramic Tile
Appliances: Dishwasher, Electric Range, Microwave, Refrigerator, Self Cleaning Oven
Cooling: Electric
Heating: None
Interior features: Bedroom On Main Level, Living Dining Room, Elevator
Furnished: Unfurnished

Exterior & Structure

Property type: Condominium
Year built: 1967
Stories: 18
Architectural style: High Rise
Construction: Block
Exterior features: Security High Impact Doors
Pool: Association, Heated
Waterfront: Ocean Access, Ocean Front
View: Intercoastal

Parking

Garage spaces: 1
Covered spaces: 1
Parking features: Attached, Garage, One Space

HOA, Community & Financials

Association fee: $0 Monthly
Fee inclusions: Association Management, Amenities, Insurance, Maintenance Grounds, Sewer, Security
Amenities: Basketball Court, Billiard Room, Clubhouse, Elevators, Fitness Center, Pool, Sauna
Security: Closed Circuit Cameras, Elevator Secured
Pets allowed: No
Annual tax: $4,485
Subdivision: OCEANSIDE PLAZA CONDO
County: Miami-Dade
Days on market: 674
MLS listing ID: A11656140
Listing status: Active

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Monthly HOA ($)

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Estimated monthly cash flow

$139

Cap rate: 6.1%
Net yield: 6.1%
Cash-on-cash return: 1.4%
Gross yield: 8.7%
Mortgage payment: $2,015/mo
Down payment: $106,250
Loan amount: $318,750
Annual NOI: $25,847

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