Cays Realty
5600 Collins Ave 16N, Miami Beach, FL 33140 — MLS photo

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5600 Collins Ave 16N, Miami Beach, FL 33140

Active · Condominium

$775,000

5600 Collins Ave 16N, Miami Beach, FL 33140

Beds
2
Baths
2
Living area
1,190 sq ft
$ / sq ft
$651/sq ft
Year built
1967
Lot size
—
HOA fee
$1,455 Monthly
Annual tax
$4,800

About this property

DISCOVER THE JOY OF LIVING IN 2/2 WITH BREATHTAKING VIEWS OF INDIAN CREEK INTRACOASTAL, BISCAYNE BAY & MIAMI SKYLINE FROM BOTH BEDROOMS AND BALCONY. WATER VIEWS FROM EVERYWERE. THE UNIT HAS A SPACIOUS LIVINGROOM AREA AND A HUGE MASTER BEDROOM. OPEN KITCHEN W/ SS APPLIANCES, WASHER/DRYER IN THE UNIT. NEW LAMINATE FLOORS THROUGHOUT. 1 ASSIGNED PARKING SPACE & 1 STORAGE UNIT. 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, MARINA & MUCH MORE.HIGH SPEED INTERNET, PREMIUM CABLE TV, WATER & A/C ARE INCLUDED IN THE DUES. VERY EASY TO SHOW ANYTIME. TEXT LA.

Property location

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5600 Collins Ave 16N, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,190 sq ft
Flooring
Laminate
Appliances
Dryer, Dishwasher, Electric Range, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Washer
Cooling
Central Air, Ceiling Fans
Heating
None
Interior features
Bedroom On Main Level, Breakfast Area, Closet Cabinetry, Dining Area, Separate Formal Dining Room, First Floor Entry, Living Dining Room, Custom Mirrors, Sitting Area In Primary, Split Bedrooms, Skylights, Tub Shower, Walk In Closets, Bay Window
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, Canal Front
View
Bay, Intercoastal, Water

Parking

Garage spaces
1
Covered spaces
1
Parking features
Attached, Garage, One Space, Garage Door Opener

HOA, Community & Financials

Association fee
$1,455 Monthly
Fee inclusions
Amenities, Common Areas, Cable Tv, Hot Water, Insurance, Internet, Maintenance Grounds, Maintenance Structure, Parking, Pools, Reserve Fund, Sewer, Security, Trash, Water
Amenities
Billiard Room, Marina, Business Center, Clubhouse, Community Kitchen, Fitness Center, Laundry, Pool, Storage, Elevators
Security
Door Man, Secured Garage Parking, Key Card Entry, Fire Sprinkler System, Smoke Detectors
Pets allowed
Size Limit, Yes
Annual tax
$4,800
Subdivision
5600 CONDO
County
Miami-Dade
Days on market
181
MLS listing ID
A11997237
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

-$2,135

Cap rate
2.4%
Net yield
2.4%
Cash-on-cash return
-11.8%
Gross yield
6.6%
Mortgage payment
$3,674/mo
Down payment
$193,750
Loan amount
$581,250
Annual NOI
$18,463

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