16275 Collins Ave Apt 1002 Sunny Isles Beach, FL 33160

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2 beds · 2 baths · 1,798 sq ft · Residential Condominium
Est. Property Value: $1,214,744

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16275 Collins Ave Apt 1002 is in the 33160 neighborhood of Sunny Isles Beach, FL. It is located in Miami-Dade County and ZIP code 33160. This Residential Condominium was built in 2007 and is approximately 18 years old. The residential condominium spans 1798 sq ft with 2 bedrooms and 2 bathrooms. According to public records, it was last sold in 2011 for $455,000 and has a tax-assessed value of $935,520, which is $676 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 16275 Collins Ave Apt 1002 Sunny Isles Beach, FL 33160 with Property Intel by Whitepages.

Owners & Occupancy for 16275 Collins Ave Apt 1002

This property is owned by Louis L Levine. Owner contact information includes 2 phone numbers and 1 email address.

Property Owners

Residence*********************
Landline
Distance from Property**********
Email Address*********@yahoo.comView Email

Property Ownership Information

Purchase DateJuly 13, 2011
Property Tax Amount$13,330 in 2024
Purchase Price$455,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1************** age 47
Resident 2**************

Investment Potential for 16275 Collins Ave Apt 1002

The property has a current estimated value of $1,214,744, which is 121% above the zip median, based on public records. It last sold on July 13, 2011 for $455K. Projected long-term
is $29,400 annually ($2,450 per month) with a 53% occupancy rate.

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Long-Term

Gross Rental
$29,400 per year($2,450 per month)
Net Operating Income
Cap Rate
Occupancy Rate
53%in 33160 zip code
 
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Property Details for 16275 Collins Ave Apt 1002

Property Details

Property Sq Ft

Living Area

1,798 sq ft

25% above market

Price Per Sq Ft

Living Area

$676 / sq ft

67% above market

Property condition, age, exterior, etc. for 16275 Coll…
Longitude: -80.121571 Latitude: 25.926867 Parcel Number (APN): 31-2214-033-0310…

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Market Benchmarks

Compare data for 16275 Collins Ave Apt 1002 in Miami-Dade County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$1,214,744
$243,826
$970,918 (398%)
YoY Price Change
Year Built
2007
1983
24 years
Living Space
1,798 sq ft
1,120 sq ft
678 (61%)
$ Per Living Sq Ft
$676
$222
$454 (204%)
Lot Size
$ Per Lot Sq Ft

Net Operating Income
$19,671
-$16,292 (-83%)
Annual Revenue
$29,400
$28,200
$1,200 (4%)
$8,584
$17,437 (203%)
Net Operating Income
$19,671
-$16,292 (-83%)
Cap Rate
8.29%
Home Value Comparison: Property vs. Local and Regional 2-Bed Residential Condominium Medians

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