2924 Collins Avenue 501, Miami Beach, FL 33140 — MLS photo

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2924 Collins Avenue 501, Miami Beach, FL 33140

Active · Condominium

$399,000

2924 Collins Avenue 501, Miami Beach, FL 33140

Beds
2
Baths
2
Living area
982 sq ft
$ / sq ft
$406/sq ft
Year built
1980
Lot size
—
HOA fee
$703
Annual tax
—

About this property

PRICE IMPROVEMENT: Discover an exceptional opportunity in the heart of Miami Beach at Ocean View Plaza. This renovated 2-bedroom, 2-bath residence combines beachside living with excellent investment potential, including seller financing available. Enjoy beautiful views from a rare double balcony, a desirable split-bedroom floor plan, modern LED lighting, ceramic flooring, and a newer central air-conditioning system. The spacious primary suite features a walk-in closet, while both bathrooms offer convenient shower/tub combinations. Just steps from the ocean, residents can enjoy direct beach access and the iconic Miami Beach Boardwalk, with South Beach dining, entertainment, shopping and nightlife only minutes away. Private garage parking, a secured building and included pest control add to the convenience. Whether you're searching for a primary residence, Miami Beach getaway or income-producing investment, the newly reduced price makes this an opportunity worth seeing. Schedule your private showing today.

Property location

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2924 Collins Avenue 501, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
982 sq ft

Exterior & Structure

Property type
Condominium
Year built
1980

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$703
County
Miami-Dade
MLS listing ID
A11956598
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

-$880

Cap rate
3.0%
Net yield
3.0%
Cash-on-cash return
-9.5%
Gross yield
8.6%
Mortgage payment
$1,891/mo
Down payment
$99,750
Loan amount
$299,250
Annual NOI
$12,132

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