2600 Collins Ave 405, Miami Beach, FL 33140 — MLS photo

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2600 Collins Ave 405, Miami Beach, FL 33140

Active · Condominium

$389,000

2600 Collins Ave 405, Miami Beach, FL 33140

Beds
2
Baths
2
Living area
740 sq ft
$ / sq ft
$526/sq ft
Year built
1992
Lot size
—
HOA fee
$645 Monthly
Annual tax
$5,316

About this property

Amazing opportunity at Lake Beach Club in Miami Beach. 2-bed / 2-bath located steps away from the beach. Boutique Building with only 42 units. HIGH SPEED INTERNET AND CABLE are included in your monthly dues. Washer & Dryer inside unit! Assigned covered parking space. Enjoy the beach, the boardwalk, Mid-Beach and The Faena District all within walking distance, surrounded by luxury hotels, restaurants & shops. Enjoy Beach Lifestyle.

Property location

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2600 Collins Ave 405, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
740 sq ft
Flooring
Tile
Appliances
Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Split Bedrooms, Elevator

Exterior & Structure

Property type
Condominium
Year built
1992
Stories
5
Architectural style
Other
Construction
Block
Exterior features
Balcony
Pool
Association
View
Other

Parking

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

HOA, Community & Financials

Association fee
$645 Monthly
Fee inclusions
Association Management, Common Areas, Cable Tv, Insurance, Internet, Maintenance Grounds, Parking, Sewer, Trash
Amenities
Pool
Security
Closed Circuit Cameras, Lobby Secured, Phone Entry, Smoke Detectors
Pets allowed
Conditional, Yes
Annual tax
$5,316
Subdivision
LAKE BEACH CLUB CONDO
County
Miami-Dade
Days on market
187
MLS listing ID
A12002302
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

-$997

Cap rate
2.6%
Net yield
2.6%
Cash-on-cash return
-11.0%
Gross yield
7.4%
Mortgage payment
$1,844/mo
Down payment
$97,250
Loan amount
$291,750
Annual NOI
$10,163

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