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About This Property
Steps from the ocean! This fully remodeled ground-floor co-op is located directly across Collins Avenue, with convenient public beach access just minutes away. An income-producing property with an excellent long-term tenant already in place paying $1,550/month, providing immediate rental income from day one. A rare $168,000 opportunity in Miami Beach, with extremely limited inventory in this price range along Collins Avenue. The property is situated in a rapidly transforming corridor with ongoing redevelopment and new development activity. Low carrying costs add to its appeal, with just $258/month in maintenance and approximately $2,000/year in property taxes, creating a highly efficient expense structure. With immediate rental income and low expenses, this property offers an attractive income-to-cost ratio for the informed buyer. Approximately 23 years remain on the land lease, in a beachfront corridor experiencing continued redevelopment interest and long-term transformation along Collins Avenue. Ideal for cash buyers and investors seeking a Miami Beach location, immediate rental income, low carrying costs, proximity to the ocean, and a rare opportunity at a price point increasingly difficult to find along Collins Avenue.
Property Features
County
Miami-Dade County
Section
11
Area
370
Subdivision
2ND OCEAN FRONT SUB
Interior
Other
Cooling
Other
Bedrooms
0
Floors
Ceramic Floor
Full Baths
1
Appliances
Microwave, Refrigerator
Heating
Central
Style
Garage Spaces
0
Construction/Exterior
Other
Patio / Deck Description
Open Balcony
Exterior
Other, Open Balcony
Has a Pool
Possession
Rental Agreement
Lot Size in Acres
Water
Sewer
Lot Size in Sq. Ft.
0
Has Waterfront
No
Parking Description
None
View
Garden View
Has Garage
No
Roof/Attic
Senior Community
No
Other Utilities
Property Type
Residential
Pets
Property SubType 2
Stock Cooperative
Tax Year
2025
Year Built
1950
Tax Amount
$1980
APN
NA
Square Feet Source
NA
Map
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