Off-Market Condo: Arlen Hous31 at 500 Bayview Dr, North Miami Beach, FL 33160

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented long-term for an average of $3,461 per month, based on comparable local listings. Estimated long-term cap rate of -1.1%. Spacious ne corner unit for sale in Sunny Isles Beach. This 2/2 property offers an amazing view, open floor plan living spaces, wraparound balcony. Located just steps from the beach, close to Aventura mall, and surrounded by shops and restaurants. On site marina & dockage available. Building is full service-24 hours security. Maintenance includes air conditioning& internet & cable tv. Amenities include a pool, sauna, gym, library, billiards, tennis, mini market, restaurant & more. Unit comes with 1 assigned parking, storage room & common laundry room per floor. Seller paid assessment!! Priced to sell!!!

Property Information
Monthly Rent
$3,461
Monthly HOA
$1295
Rental Policy
STR Restrictions
Yearly Taxes
$5065
Bedrooms
2
Bathrooms
2
SQFT
1,350
Furnished
N/A
Year built
1969
Listing Status
Off Market
MLS
A11768110

Long-term Rental Potential
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$41,532

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,461/mo

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