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Condominium
$409,000$416 / sqft
2924 Collins Avenue # 501, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
982 sqft
Interior
1980
Year built
$703 / mo
HOA
Condominium
Type
About this home
Income opportunity through rental with seller financing available: Discover a prime investment in the heart of Miami Beach with this renovated 1,300-square-foot condominium at Ocean View Plaza. This 2-bedroom, 2-bathroom residence offers stunning views from a rare double balcony. The split floor plan is enhanced with modern LED lighting and ceramic floors, along with a new central air conditioning system that ensures year-round comfort. The luxurious master suite includes a walk-in closet, and both bathrooms feature shower/tub combinations for relaxation. Enjoy direct beach access and strolls along the iconic Miami Beach Boardwalk, while the private garage parking adds convenience. Located in a secured building with pest control included, and just moments from the vibrant South Beach lifestyle, this property offers an exceptional opportunity for both investors and homeowners alike.
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Custom Mirrors
- Elevator
- Entrance Foyer
- Pantry
- Walk-In Closet(s)
- East Of Us1
- Open Balcony
- Other View
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 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,595–$10,000.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.