6345 Collins Ave # TH4 Miami Beach FL 33141

Property Description

Unique 2 story TH unit w/ DIRECT pool & beach access from unit patio. Casablanca is one of only two buildings in Mid Beach that allows daily rentals through Airbnb & other platforms. Low HOA dues of $654/month. Current owner has just invested $50,000 in renovations and new furnishings. Cap rate of 7% based on pro-forma income of $87K/yr. Also, Casablanca has recently listed itself up for sale and is expecting multiple offers within 90 days from developers. Based upon recent purchase of the nearby Castle Beach for $500M, this unit should be worth $1.5M or more. Perfect opportunity to earn income through short-term rentals while waiting for a developer purchase

Interior Features

Lobby

First Floor Entry

Exterior Features

East Of Us1

Open Balcony

Association

$ 654 | Monthly

Property Taxes

$ 8732 |