1 Bath
370 SqFt
1 Bath
370 SqFt
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 $1,550/qua
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
Income-producing property with an excellent long-term tenant already in place paying $1,550/month, providing immediate rental income from day one.
Rare $168,000 opportunity in Miami Beach — extremely limited inventory in this price range along Collins Avenue, in a rapidly transforming corridor with strong ongoing redevelopment and new development activity.
Low carrying costs with $258/month maintenance and approximately $2,000/year 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 long years remain on the land lease, located in a beachfront corridor with continued redevelopment interest and long-term transformation potential along Collins Avenue.
Ideal for cash buyers seeking location, immediate income, and a rare, hard-to-replace opportunity in Miami Beach.
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
Architectural Style Other
Structure Type Other
Others
Pets Allowed 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, Listed As-Is
Pets Allowed Yes
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12026807
Nearby Locations