5601 Collins Ave 1618, Miami Beach, FL 33140 — MLS photo

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5601 Collins Ave 1618, Miami Beach, FL 33140

Active · Condominium

$470,000

5601 Collins Ave 1618, Miami Beach, FL 33140

Beds
1
Baths
2
Living area
930 sq ft
$ / sq ft
$505/sq ft
Year built
1968
Lot size
—
HOA fee
$1,118 Monthly
Annual tax
$8,073

About this property

Beautiful updated 1-bedroom, 1.5 bathroom apartment located in a direct oceanfront building with private beach access with complimentary beach chairs.Modern finishes in the Kitchen and bathroom. Gym BBQ area.1 Valet parking spot included. Secure building 24 Hrs Located in a prime Location near shops and restorants, good for your next residences or vacation home or income opportunity short-term rentals ok.

Property location

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5601 Collins Ave 1618, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
1
Bathrooms
2
Living area
930 sq ft
Flooring
Marble
Appliances
Refrigerator
Cooling
Central Air
Heating
Other
Interior features
Elevator, Fireplace, Handicap Access, Other

Exterior & Structure

Property type
Condominium
Year built
1968
Stories
28
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Barbecue
Pool
Association
Waterfront
Intracoastal Access, Ocean Access, Ocean Front
View
Intercoastal

Parking

Garage spaces
1
Covered spaces
1
Parking features
One Space

HOA, Community & Financials

Association fee
$1,118 Monthly
Fee inclusions
Amenities, Common Areas
Amenities
Clubhouse, Pool, Elevators
Security
Fire Alarm, Intercom, Lobby Secured
Pets allowed
Dogs Ok, Yes
Annual tax
$8,073
Subdivision
THE PAVILION CONDO
County
Miami-Dade
Days on market
211
MLS listing ID
A11939614
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

-$1,623

Cap rate
1.5%
Net yield
1.5%
Cash-on-cash return
-14.8%
Gross yield
7.6%
Mortgage payment
$2,228/mo
Down payment
$117,500
Loan amount
$352,500
Annual NOI
$7,265

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