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Luxury Condo for Sale at 5255 Collins Avenue Miami Beach

Luxury Condo for Sale at 5255 Collins Avenue Miami Beach
FOR SALE
View more

$1,250,000

5255 Collins Avenue, Miami Beach, FL 33140

2,534 SF

Square Feet

$493

PPSF

Property Description

Situated in the heart of Millionaire's Row, step into the elegance of old-world Miami Beach. This oversized two-bedroom, two-and-a-half-bath unit includes additional office space or a den. The entry opens to a spacious living room and a separate dining area with ocean views. The building is currently undergoing recertifications and installation of impact windows. Unique features include textured walls and ornate doors, reminiscent of the era, with large porcelain tiles throughout the unit. The space and layout of this unit are unmatched and rare to find. Full amenities plus resident access to the seven-mile bike path along the Miami Beach coastline. The building provides free valet parking; unit includes one assigned parking. Rent includes all utilities. Currently tenant occupied, income producing unit!


Property Details

Asset Type

Condo

Neighborhood

Ocean Front

Submarket

Miami Beach

ZIP

33140

Listing Type

sale

Net Operating Income (NOI)

$0

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)

-$71,108

Cash-on-Cash Return

-22.75%

Monthly Debt Service

$5,926

Annual Debt Service

$71,108

View on Map

Address

5255 Collins Avenue

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Miami Beach Condo Market Snapshot

Boundary boundary · Condo · Sale

No investors found in this market.

Contact the Listing Team

Eszter Czafik

Eszter Czafik

Real estate advisor

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Eszter Czafik

Eszter Czafik

Real estate advisor

Call