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Waterfront · Condominium
$348,999$347 / sqft
6450 Collins Ave # 205, Miami Beach FL 33141
Listed
1
Bedrooms
2
Bathrooms
1,006 sqft
Interior
1968
Year built
$1,210 / mo
HOA
Condominium
Type
About this home
Rare opportunity to own in Ocean Park, one of North Beach's most stable and well-run buildings—priced for an accessible entry point. This 1-bed / 1.5-bath unit on the 2nd floor offers an intelligently convertible floor plan that many owners have reconfigured into a true 2-bed / 2-bath — giving you immediate upside whether you're buying to live, vacation, or invest. Impact glass recently installed. New microwave, New toilets. Gated parking space. Sold AS-IS, priced accordingly. Ocean Park is a self-managed, financially sound building with all certifications in place, strong reserves, a newly renovated gym, an updated activity room, a heated pool, a BBQ area, 24-hour front desk security, bike storage, Pets are accepted up to 30 Lbs, and on-site management. Positioned at the gateway to North Beach on Collins Avenue — directly across from the ocean, Allison Park, a children's playground, dog park, and the boardwalk. Publix, Walgreens, banks, restaurants, and daily essentials are all within easy walking distance. Minutes to South Beach, Bal Harbour, and quick highway access to both airports. Whether you're looking for a primary residence, a Miami Beach retreat, or a turnkey income property — this is the lowest-priced entry into a building that consistently delivers. Possible owner financing available.
Features
- Lobby
- Walk-In Closet(s)
- East Of Us1
- Barbeque
- Ocean View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 2
- No Daily Rentals
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,350–$4,500.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.