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Waterfront · Condominium
$450,000$401 / sqft
2655 Collins Ave # 706, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
1,122 sqft
Interior
1975
Year built
$1,200 / mo
HOA
Condominium
Type
About this home
Step up to oceanfront views. Purchase with tenants, Leased through 30 Nov., 2026. Finishing up 40/50 year inspections and aesthetic upgrades to common areas. Sm assessment paid in full, in Sept. CASH purchase only at this time. Currently used as 2 bedroom/ 2 baths or 1 bedroom with office/den with ocean views. Lots of natural lighting from the Southern exposure of your private balcony. AC (2023) and all new lighting. Large walk-in closet in primary bedroom, Hall linen closet and a wall of closet plus extra storage available. 1 covered garage parking. City lot across the street for guests. 24-hr front desk coverage, On-site management, Pool, community room, billiards, sauna, gym. 24 hr notice to show. No weekend showings. Rentals allowed 1x per year, 3 months minimal, no airbb, no short-term
Features
- Lobby
- First Floor Entry
- Closet Cabinetry
- Custom Mirrors
- Fire Sprinklers
- Split Bedroom
- East Of Us1
- Open Balcony
- Ocean View
- Skyline
Leasing
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.