Offered at a 6.6% Proforma Cap, the property is currently 75% occupied (3 vacancies). The property is part of a 10-property portfolio all located in South Beach. It can be purchased individually or as part of the portfolio. All units in the property are 1BR

Miami Beach

$2,950,000 USD
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      AddressMiami Beach
      Type of PropertyIncome / MultiFamily
      Type of BusinessApartments, Residential-Multi-Family
      Price$2,950,000
      Property StatusActive
      MLS NumberA11822861
      Property Size7000
      Lot Size7000
      Year Built1946
      Folio Number02-42-03-009-6520
      Zoning Information3900
      Days on Market83

      Detailed Description: Offered at a 6.6% Proforma Cap, the property is currently 75% occupied (3 vacancies). The property is part of a 10-property portfolio all located in South Beach. It can be purchased individually or as part of the portfolio. All units in the property are 1BR / 1BA. It has over $450,000 in combined CapEx between the current and previous owner. Most CapEx has been focused in common area / exterior elements. There are also two fully-renovated units in the community.

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      Address Information
      StateFlorida
      CityMiami Beach
      CountyMiami-Dade County
      Zip Code33139
      Section3
      Zip Code (4 Digits)6055
      Financial Information
      Price$2,950,000
      Price per Foot$0
      Folio Number02-42-03-009-6520
      Full Descriptions
      Detailed DescriptionOffered at a 6.6% Proforma Cap, the property is currently 75% occupied (3 vacancies). The property is part of a 10-property portfolio all located in South Beach. It can be purchased individually or as part of the portfolio. All units in the property are 1BR / 1BA. It has over $450,000 in combined CapEx between the current and previous owner. Most CapEx has been focused in common area / exterior elements. There are also two fully-renovated units in the community.
      Property parameters
      Living Area7000
      Lot Size7000
      Total Acreage0.000
      Zoning Information3900
      Maximum Leasable Size7000
      Year Built1946
      Type of PropertyIncome / MultiFamily
      Type of BusinessApartments, Residential-Multi-Family
      Stories Number2
      Listed withCBRE, Inc.