16400 Collins Ave 1246, Sunny Isles Beach, FL 33160 — MLS photo

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16400 Collins Ave 1246, Sunny Isles Beach, FL 33160

Active · Condominium

$1,350,000

16400 Collins Ave 1246, Sunny Isles Beach, FL 33160

Beds
3
Baths
3
Living area
2,340 sq ft
$ / sq ft
$577/sq ft
Year built
1995
Lot size
—
HOA fee
$1,778
Annual tax
—

About this property

This beautiful 3 Bedroom 3 Bath is a slice of paradise located on a private and secure island in prestigious Sunny Isles Beach Florida. Enjoy beautiful panoramic views from every room through floor to ceiling windows. This 12th floor unit offers a spacious wrap around balcony with pool, intracoastal, ocean and city views. Enjoy Italian porcelain floors, spacious kitchen with granite countertops, walk-in closets, master bath with jacuzzi and much more. Amenities include fitness center, tennis courts, storage unit, and 1 covered parking space. Owners also have access to the Oceania Beach Club and Spa offering a state of the art fitness center, on-site dining, spa services, racquetball court and beach service. Easy to show! Have your agent schedule an appointment today!

Property location

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16400 Collins Ave 1246, Sunny Isles Beach, FL 33160

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Facts & features

Interior

Bedrooms
3
Bathrooms
3
Living area
2,340 sq ft

Exterior & Structure

Property type
Condominium
Year built
1995

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$1,778
County
Miami-Dade
MLS listing ID
A11916712
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

-$3,970

Cap rate
2.2%
Net yield
2.2%
Cash-on-cash return
-12.6%
Gross yield
7.0%
Mortgage payment
$6,400/mo
Down payment
$337,500
Loan amount
$1,012,500
Annual NOI
$29,154

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