Cays Realty
5600 Collins Ave 7Y, Miami Beach, FL 33140 — MLS photo

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5600 Collins Ave 7Y, Miami Beach, FL 33140

Active · Condominium

$629,000

5600 Collins Ave 7Y, Miami Beach, FL 33140

Beds
2
Baths
2
Living area
1,190 sq ft
$ / sq ft
$529/sq ft
Year built
1967
Lot size
—
HOA fee
$1,469 Monthly
Annual tax
$6,343

About this property

2/2 SPLIT PLAN BEAUTIFULLY REMODELED W/OCEAN VIEWS. HARDWOOD FLOOR THROUGHOUT. UNIT FEATURES OPEN & FULLY RENOVATED KITCHEN W/SS APPLIANCES. BATHROOMS HAVE BEEN NEWLY RENOVATED, WASHER/DRYER IN THE UNIT. LARGE BALCONY W/AMAZING VIEWS. NEW HIGH IMPACT LIVING ROOM DOOR AND WINDOWS. 1 PARKING SPACE & 1 STORAGE. BUILDING IS LOCATED ON MILLIONAIRE'S ROW, ONLY FEW STEPS TO THE BEACH. AMENITIES INCLUDES STATE OF THE ART FITNESS CENTER, POOL 24/7 DOORMAN, RESTAURANT ONSITE, MARINA & MUCH MORE. HIGH SPEED INTERNET, PREMIUM CABLE TV, WATER & A/C ARE INCUDED IN THE HOA. EASY TO SHOW. TEXT LA.

Property location

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5600 Collins Ave 7Y, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,190 sq ft
Flooring
Parquet, Porcelain Tile
Appliances
Dryer, Dishwasher, Electric Range, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Washer
Cooling
Central Air
Heating
None
Interior features
Bidet, Bedroom On Main Level, Breakfast Area, Closet Cabinetry, Dining Area, Separate Formal Dining Room, Dual Sinks, Entrance Foyer, First Floor Entry, Living Dining Room, Split Bedrooms, Tub Shower, Walk In Closets, Bay Window, Elevator
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1967
Stories
18
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Awnings, Balcony, Security High Impact Doors
Pool
Heated
Waterfront
Bayfront
View
Ocean, Pool, Water

Parking

Garage spaces
1
Covered spaces
1
Parking features
Assigned, Attached, Garage, One Space

HOA, Community & Financials

Association fee
$1,469 Monthly
Fee inclusions
Amenities, Common Areas, Cable Tv, Hot Water, Insurance, Internet, Maintenance Grounds, Maintenance Structure, Parking, Reserve Fund, Sewer, Security, Trash, Water
Amenities
Billiard Room, Marina, Bike Storage, Business Center, Clubhouse, Community Kitchen, Fitness Center, Laundry, Pool
Security
Door Man, Secured Garage Parking, Key Card Entry, Fire Sprinkler System, Smoke Detectors
Pets allowed
Cats Ok, Dogs Ok, Size Limit, Yes
Annual tax
$6,343
Subdivision
5600 CONDO
County
Miami-Dade
Days on market
91
MLS listing ID
A11971910
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

-$1,861

Cap rate
2.1%
Net yield
2.1%
Cash-on-cash return
-12.7%
Gross yield
7.4%
Mortgage payment
$2,982/mo
Down payment
$157,250
Loan amount
$471,750
Annual NOI
$13,444

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