UPDATED:
Key Details
Property Type Single Family Home
Sub Type Stock Cooperative
Listing Status Active
Purchase Type For Sale
Square Footage 370 sqft
Price per Sqft $454
Subdivision 2Nd Ocean Front Sub
MLS Listing ID A12026807
Style Other
Full Baths 1
HOA Fees $258/mo
HOA Y/N Yes
Min Days of Lease 365
Leases Per Year 1
Year Built 1950
Annual Tax Amount $1,980
Tax Year 2025
Property Sub-Type Stock Cooperative
Property Description
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.
Location
State FL
County Miami-dade
Community 2Nd Ocean Front Sub
Area 32
Interior
Interior Features Bedroom on Main Level
Heating Central
Cooling Other
Flooring Ceramic Tile
Appliance Some Gas Appliances, Microwave, Refrigerator
Exterior
Exterior Feature Balcony, Storm/Security Shutters
Amenities Available None
View Garden
Porch Balcony, Open
Garage No
Private Pool Yes
Building
Lot Description Flood Zone
Architectural Style Other
Structure Type Other
Others
Pets Allowed Conditional, Yes
HOA Fee Include Hot Water,Laundry,Maintenance Structure,Sewer,Trash,Water
Senior Community No
Restrictions OK To Lease
Tax ID 02-32-11-019-0050
Security Features Smoke Detector(s)
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Real Estate Owned
Pets Allowed Conditional, Yes
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12026807
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