5701 Collins Ave 709, Miami Beach, FL 33140 — MLS photo

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5701 Collins Ave 709, Miami Beach, FL 33140

Active · Condominium

$435,000

5701 Collins Ave 709, Miami Beach, FL 33140

Beds
1
Baths
2
Living area
824 sq ft
$ / sq ft
$528/sq ft
Year built
1969
Lot size
—
HOA fee
$850
Annual tax
—

About this property

Oceanfront condominium located on Millionaires’ Row Arlen Beach Condo. 1 bedrooms and 2 bathrooms.The building provides an extensive selection of amenities, including a fitness center, movie theater, library, oceanfront barbecue area, party room, valet service, and beach and pool attendants. Additional conveniences include an on-site restaurant and full-service salon.

Property location

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5701 Collins Ave 709, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
1
Bathrooms
2
Living area
824 sq ft

Exterior & Structure

Property type
Condominium
Year built
1969

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$850
County
Miami-Dade
MLS listing ID
A11885337
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

-$1,444

Cap rate
1.7%
Net yield
1.7%
Cash-on-cash return
-14.2%
Gross yield
7.4%
Mortgage payment
$2,062/mo
Down payment
$108,750
Loan amount
$326,250
Annual NOI
$7,423

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