5
  • 0
  • Bedroom
  • 1
  • Bathroom
  • 370 Sq Ft
  • Area Size
6498 Collins Ave # 41, Miami Beach FL 33141 | Miami-Dade County | A12026807
  • $168,000

Description

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.

Property Overview

Steps from the ocean in Miami Beach, this fully remodeled ground-floor co-op is located at 6498 Collins Ave #41, just across Collins Avenue with public beach access minutes away. Built in 1950, the unit features one full bathroom and no bedrooms, with a living area of 370 square feet. The building is part of the 2nd Ocean Front Sub subdivision, offering a stock-cooperative ownership structure. Currently, the property is occupied by a long-term tenant paying $1,550 per month in rent, providing immediate income to the new owner. Monthly maintenance costs are $258, and annual taxes are approximately $2,000, making this a low-cost opportunity with a clear expense structure. The property is priced at $168,000, with 23 years remaining on the land lease. This is a rare opportunity in a quickly changing area of Miami Beach. The unit sits in a beachfront corridor with ongoing redevelopment and new construction activity along Collins Avenue. For cash buyers seeking a stable return with clear financials, this property offers an attractive income-to-cost ratio. For more details or to schedule a visit, call 305-859-4733.

Frequently Asked Questions

Is this property currently occupied, and can it generate rental income?

Yes, the property has an excellent long-term tenant already in place paying $1,550 per month, providing immediate rental income from day one.

What are the monthly maintenance costs and annual taxes for this property?

The monthly maintenance cost is $258, and the annual property taxes are approximately $2,000.

How much time is remaining on the land lease for this property?

There are approximately 23 years remaining on the land lease.

What is the current HOA fee for this property?

The HOA fee for this property is $1,550 per month.

Is this property located near the beach?

Yes, the property is steps from the ocean and located directly across Collins Ave with public beach access just minutes away.

Monthly Fees & Carrying Costs

Association Fee $1,550 / quarter ($517/mo)
Total Monthly Fees $517 / month
  • Membership Required: No
  • Application Fee: $100 (one-time)

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  • Address: Collins Ave
  • City: Miami Beach
  • Zip/Postal Code: 33141

Details

Updated on July 2, 2026 at 8:39 pm
  • Property ID A12026807
  • Price $168,000
  • Property Size 370 Sq Ft
  • Bedroom 0
  • Room 0
  • Bathroom 1
  • Year Built 1950
  • Property Status Active, Residential

Additional details

  • Flooring Ceramic Floor
  • Bedroom Features Entry Level
  • Cooling Other
  • Association Type Homeowners
  • Building 2ND OCEAN FRONT SUB
  • Association Fee Frequency Quarterly
  • Area 2nd Ocean Front Sub
  • Annual Tax 1980
  • Association Yes
  • Private Pool No
  • Listing Terms Cash
  • Waterfront No
  • Full Bathrooms 1
  • Subdivision 2ND OCEAN FRONT SUB
  • Total Stories 2
  • Restrictions Ok To Lease
  • Maintenance Includes Hot Water, Laundry Facilities, Outside Maintenance, Sewer, Trash Removal, Water
  • Amenities None
  • Parking None
  • Heating Central
  • Structure Type Co-Op 1-4 Stories, Co-Op
  • Tax Year 2025
  • Construction Other
  • Building Area 370
  • Covered Spaces 0
  • Unit Floor 1
  • View Garden View
  • Year Built Details Unknown
  • Pets Allowed Yes
  • Attached Yes
  • Unit Number 41
  • Half Bathrooms 0
  • Flood Zone AE
  • Patio / Porch Open Balcony
  • New Construction No
  • Garage Spaces 0
  • Style Co-Op 1-4 Stories
  • Association Fee 1550
  • Lot Size (Sq Ft) 0
  • Membership Purchase Required No

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