Condo in Miami Beach, FL 33140

Oceanside Plaza, 5555 Collins Ave #17J

Rarely available unit on ground floor! Stunning direct bay views & the sunset from this immaculate corner unit at the luxurious mirador 1000. 1br/1.5 ba . Enjoy the largest balcony in the building with unparalleled skyline views. Fully renovated unit, high ceiling, new kitchen, and washer and dryer. Water views from every room. Double sliding balcony doors and windows , private exit directly from the balcony into the brand new pool-deck and jacuzzi, no need to take elevators. Building features: 24-hr concierge, security, 5000+ sf fitness center, convenience store, spa, hair salon. Walking distance to whole foods, restaurants, coffee shops, lincoln rd, and the beach, within 15 minutes of wynwood, downtown, design district, and mia. Assessment paid in full by th seller.

Great second home located in front of the miami beach convention center, just two blocks to “billionaires beach” which sits at the heart of south beach and walking distance to lincoln road which is undergoing a beautification project (see articles and links below). The unit is licensed for short term rental. Proforma gross revenue is estimated at $122k to $144k per annum (provided by two professional management firms) which translates to a 10% cap rate. Perfect for those looking to get away and clear their heads and experience a change in venue while maximizing their income. The unit features hurricane glass windows, gourmet kitchen, large master bedroom with a walking closet, modern spa style bathrooms, and may be purchased furnished. The building’s leadership is proactive and well managed. As such planned and budgeted its future projects and took the initiative to obtain a loan and have fully funded reserves. In addition, the building has set up the budget for the sirs requirement and funding. Ongoing building projects near completion elevator replacement and fire system. Most notable completed projects pool upgrade, electronic tele-entry access, cameras, structural review and repairs. Some future projects include hallway flooring and lobby upgrade.