Luxury Condo for Sale at 5255 Collins Avenue Miami Beach
$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
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