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6498 Collins Ave Unit #41, Miami Beach, FL 33141

$168,000
: 1
BA
: 370
SqFt

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List Price: $168,000
MLS#: A12026807
Complex Name: 2nd Ocean Front Sub
Status: ACTIVE
Type: Condo
Full baths: 1
Living Area: 370

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Property Description

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.

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Additional Information

Days on Market: 132
Interior Features: Other
Tax Amount: $1,980
Parcel Number: 02-32-11-019-0050
Bedroom Description: Entry Level
Exterior Features: Other, Open Balcony
Association Fee: $258
Unit View: Garden View
Parking Restrictions: None
Unit Number: 41
SqFt Liv Area: 370
Amenities: None
Year Built: 1950
Special Information: Completely Renovated
Style: Co-Op 1-4 Stories, Co-Op
Restrictions: Ok To Lease
Development Name: 2nd Ocean Front Sub
Construction Type: Other
Section: 11