About this Property

JUST LISTED! Steps from the ocean, this fully remodeled ground-floor co-op is located directly across Collins Ave with public beach access just minutes away. 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.

Disclaimer

MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. This property is courtesy of Bruckman Realty, LLC.