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

$2,800,000 USD
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      AddressMiami Beach
      Type of PropertyIncome / MultiFamily
      Type of BusinessApartments, Residential-Multi-Family
      Price$2,800,000
      Property StatusActive
      MLS NumberA11822906
      Property Size6850
      Lot Size6850
      Year Built1961
      Parking Space Number5
      Folio Number02-42-03-014-0400
      Zoning Information6400
      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. The property includes community laundry and features 5 parking spaces. The exterior was fully painted in 2023 ( $31k) and the roof was replaced in 2024 ( $87k).

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      Address Information
      StateFlorida
      CityMiami Beach
      CountyMiami-Dade County
      Zip Code33139
      Section3
      Zip Code (4 Digits)5955
      Financial Information
      Price$2,800,000
      Price per Foot$0
      Folio Number02-42-03-014-0400
      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. The property includes community laundry and features 5 parking spaces. The exterior was fully painted in 2023 ( $31k) and the roof was replaced in 2024 ( $87k).
      Property parameters
      Living Area6850
      Lot Size6850
      Total Acreage0.000
      Zoning Information6400
      Maximum Leasable Size6850
      Year Built1961
      Type of PropertyIncome / MultiFamily
      Type of BusinessApartments, Residential-Multi-Family
      Stories Number2
      Parking Space Number5
      Listed withCBRE, Inc.