Cays Realty
5838 Collins Ave 11B, Miami Beach, FL 33140 — MLS photo

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5838 Collins Ave 11B, Miami Beach, FL 33140

Active · Condominium

$630,000

5838 Collins Ave 11B, Miami Beach, FL 33140

Beds
2
Baths
2
Living area
1,208 sq ft
$ / sq ft
$522/sq ft
Year built
1970
Lot size
—
HOA fee
$1,202 Monthly
Annual tax
$7,849

About this property

We are pleased to present this beautiful, waterfront, 2 bed/2 bath, corner unit, with a large balcony offering unobstructed bay, intracoastal and Brickell skyline views. Located on Collins Avenue just a few steps from the beach, close to restaurants and shopping in the highly coveted Mid Beach. This remodeled, spacious and bright condo includes two assigned parking spaces, a small storage locker, hurricane impact sliding balcony doors, newer AC, modern lighting and fixtures. All Special Assessment balances paid in full and being sold fully furnished, this is the opportunity you have been waiting for. Contact us to arrange a private tour.

Property location

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5838 Collins Ave 11B, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,208 sq ft
Flooring
Ceramic Tile
Appliances
Dishwasher, Electric Range, Microwave, Refrigerator
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Living Dining Room, Other, Shower Only, Walk In Closets
Furnished
Furnished

Exterior & Structure

Property type
Condominium
Year built
1970
Stories
16
Architectural style
High Rise
Construction
Block
Exterior features
Balcony, Security High Impact Doors
Pool
Association
Waterfront
Bayfront, Intracoastal Access
View
Bay, Intercoastal, Skyline

Parking

Garage spaces
2
Covered spaces
2
Parking features
Assigned, Attached, Covered, Garage, Two Or More Spaces

HOA, Community & Financials

Association fee
$1,202 Monthly
Fee inclusions
Association Management, Cable Tv, Hot Water, Insurance, Laundry, Maintenance Structure, Parking, Reserve Fund, Sewer, Trash, Water
Amenities
Boat Dock, Fitness Center, Laundry, Pool, Trash, Elevators
Security
Door Man, Elevator Secured, Key Card Entry
Pets allowed
No
Annual tax
$7,849
Subdivision
5838 CONDOMINIUM
County
Miami-Dade
Days on market
365
MLS listing ID
A11891296
Listing status
Active

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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

-$1,694

Cap rate
2.5%
Net yield
2.5%
Cash-on-cash return
-11.5%
Gross yield
7.4%
Mortgage payment
$2,987/mo
Down payment
$157,500
Loan amount
$472,500
Annual NOI
$15,513

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