Cays Realty
5 Island Ave LE, Miami Beach, FL 33139 — MLS photo

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5 Island Ave LE, Miami Beach, FL 33139

Active · Condominium

$459,000

5 Island Ave LE, Miami Beach, FL 33139

Beds
1
Baths
2
Living area
950 sq ft
$ / sq ft
$483/sq ft
Year built
1967
Lot size
—
HOA fee
$1,446 Monthly
Annual tax
$2,665

About this property

Spacious 1-bedroom, 1.5-bath residence on lanai level, featuring an updated kitchen and bathrooms, along with hurricane-impact glass for complete privacy. The unit includes 1 covered parking spot and a storage unit. Building amenities offer a bayside pool and fitness center. ideally located on Belle Isle near The Standard Spa, with easy access to Sunset Harbour, and the beach- all within walking distance.

Property location

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5 Island Ave LE, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
1
Bathrooms
2
Living area
950 sq ft
Flooring
Marble
Appliances
Dishwasher, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Closet Cabinetry, First Floor Entry, Living Dining Room, Main Living Area Entry Level, Pantry

Exterior & Structure

Property type
Condominium
Year built
1967
Stories
16
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Security High Impact Doors
Pool
Association
Waterfront
Bayfront
View
None, Pool

Parking

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

HOA, Community & Financials

Association fee
$1,446 Monthly
Fee inclusions
Amenities, Common Areas, Hot Water, Insurance, Maintenance Grounds, Maintenance Structure, Parking, Pools, Reserve Fund, Trash, Water
Amenities
Fitness Center, Pool, Storage, Elevators
Security
Door Man, Lobby Secured, Security Guard, Smoke Detectors
Pets allowed
Conditional, Yes
Annual tax
$2,665
Subdivision
ISLAND TERRACE CONDO
County
Miami-Dade
Days on market
18
MLS listing ID
A12006110
Listing status
Active

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$1,437

Cap rate
1.9%
Net yield
1.9%
Cash-on-cash return
-13.4%
Gross yield
7.8%
Mortgage payment
$2,176/mo
Down payment
$114,750
Loan amount
$344,250
Annual NOI
$8,868

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