5445 Collins Ave APT 724, Miami Beach, FL 33140

Amazing property for INVESTMENT or live here. This is one of the only buildings in all of Miami Beach that allows daily rentals. The unit is already run on its own by a management company and generates $1800 per month each month since 2007. You do not need to do anything or you can manage it yourself and average $3000-$4000 per month. DIRECT OCEAN VIEW. The unit comes fully furnished, with TV, 2 new beds, bureau, fridge table chairs and a magnificent all-white remote controlled power blackout shade that will open and close to block the sun. Large studio entirely renovated with tile floor. Oceanfront condo with plenty of amenities, valet parking, gym room, security 24/7, spa and Russian / Turkish steam bath. The HOA fee Includes Includes Cable TV, Valet Parking, Internet and Electricity. All offers will be considered. Free valet parking. The former Playboy Hotel and Club run and owned by Hugh Hefner. Michael Jackson and Tina Turner performed here, years ago, in this elegant hip theatre. You are on Millionaire mile and it is by far the very best that Miami Beach has to offer. The building was designed by famous architect and designer Morris Lapidus, the same man who designed the Fountain Blue Hotel and his use of curves in his designs is legendary. The area is close enough to all the action and far enough to be private and exclusive. The building has passed its 40 year certificate which is a major hurdle. The unit has air conditioning that is brand new. Do not miss the property. Priced to sell. New to the market and will not last long.