16485 Collins Ave PH35C, Sunny Isles Beach, FL 33160 — MLS photo

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16485 Collins Ave PH35C, Sunny Isles Beach, FL 33160

Active · Condominium

$1,100,000

16485 Collins Ave PH35C, Sunny Isles Beach, FL 33160

Beds
2
Baths
2
Living area
1,460 sq ft
$ / sq ft
$753/sq ft
Year built
1991
Lot size
—
HOA fee
$1,435
Annual tax
—

About this property

Come and enjoy true oceanfront living. Wake up and have that first cup of coffee while watching the sunrise orenjoy a glass of wine and see those gorgeous sunsets. Enjoy a morning swim and get the benefits of bathing inthe ocean. Penthouse unit has the extra perk of extra high ceilings. Floor to ceiling windows in every room.Building offers heated pool, spa, gym, kid's playroom, party room, theater room, etc. Oceania complex offersprivate beach club with beach service, state of the art gym with an array of classes such as Zumba, yogalates,bootcamp, spinning, and cardio-sculpt. You also get indoor racquetball. tennis courts, spa treatments, dining and cafe. Prime location close to supermarkets, shopping, Aventura Mall & Bal Harbour Shops, and great parks for the kids.Building concrete restoration completed, new roof, renovated hallways, updated elevators and fire alarm system completed. Milestone Structural Integrity Inspection (SIRS) & Reserve Study completed. Manager on site with low staff turnover. Stable, hands on Board of Directors.

Property location

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16485 Collins Ave PH35C, Sunny Isles Beach, FL 33160

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,460 sq ft

Exterior & Structure

Property type
Condominium
Year built
1991

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$1,435
County
Miami-Dade
MLS listing ID
A11880882
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

-$3,945

Cap rate
1.4%
Net yield
1.4%
Cash-on-cash return
-15.4%
Gross yield
6.2%
Mortgage payment
$5,215/mo
Down payment
$275,000
Loan amount
$825,000
Annual NOI
$15,232

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