5225 Collins Ave 714, Miami Beach, FL 33140 — MLS photo

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5225 Collins Ave 714, Miami Beach, FL 33140

Active · Condominium

$525,000

5225 Collins Ave 714, Miami Beach, FL 33140

Beds
2
Baths
2
Living area
960 sq ft
$ / sq ft
$547/sq ft
Year built
1962
Lot size
—
HOA fee
$1,807 Monthly
Annual tax
$6,594

About this property

On the ocean, The Alexander offers a multitude of amenities such as valet parking, concierge, attended front desk staff, security, two heated swimming pools, hot tubs, gym, steam room, sauna, poolside full liquor bar and food service, full service hair salon, boat rental and boat dock rental at marina, access to the beach, water sports available (jet skis, canoes, kayaks), oceanside boardwalk, bicycles, complimentary for owners beach service (chair lounge and umbrella), poolside cabanas. Rental program available to owners who wish to to rent out their units when not using them. Electricity, air conditioning, cable tv, wifi, internet included in maintenance fee. Completely remodeled and upgraded condo tastefully done with closet cabinetry, newer a/c units, impact windows and door, open balcony with ocean view and Indian Creek view. Daily rentals and short term rentals allowed.

Property location

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5225 Collins Ave 714, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
960 sq ft
Flooring
Ceramic Tile, Porcelain Tile, Tile
Appliances
Dishwasher, Electric Range, Ice Maker, Microwave, Refrigerator
Cooling
Central Air, Electric, Zoned
Heating
Central, Electric
Interior features
Breakfast Bar, Closet Cabinetry, Dual Sinks, Eat In Kitchen, Elevator, Kitchen Island, Living Dining Room, Split Bedrooms, Shower Only, Walk In Closets, Bar
Furnished
Furnished

Exterior & Structure

Property type
Condominium
Year built
1962
Stories
17
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Security High Impact Doors
Pool
Heated
Waterfront
Ocean Access, Ocean Front
View
Intercoastal, Ocean, Water

Parking

Garage spaces
1
Covered spaces
1
Parking features
Assigned, Attached, Covered, Garage, Valet

HOA, Community & Financials

Association fee
$1,807 Monthly
Fee inclusions
Association Management, Amenities, Cable Tv, Electricity, Hot Water, Insurance, Internet, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Recreation Facilities, Reserve Fund, Security, Trash, Water
Amenities
Boat Dock, Marina, Cabana, Fitness Center, Laundry, Pool, Sauna, Spa Hot Tub
Security
Complex Fenced, Secured Garage Parking, Security Guard, Fire Sprinkler System, Smoke Detectors
Pets allowed
Dogs Ok, Yes
Annual tax
$6,594
Subdivision
THE ALEXANDER CONDO
County
Miami-Dade
Days on market
229
MLS listing ID
A11968946
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

-$2,297

Cap rate
0.4%
Net yield
0.4%
Cash-on-cash return
-18.7%
Gross yield
7.3%
Mortgage payment
$2,489/mo
Down payment
$131,250
Loan amount
$393,750
Annual NOI
$2,305

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