Offered at a 6.2% Proforma Cap, the property is currently 100% occupied. 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. The property includes two parking spaces, it fe

Miami Beach

$2,475,000 USD
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AddressMiami Beach
Type of PropertyIncome / MultiFamily
Type of BusinessApartments, Residential-Multi-Family
Price$2,475,000
Property StatusActive
MLS NumberA11822746
Property Size7500
Lot Size7500
Year Built1936
Parking Space Number2
Folio Number02-42-03-009-7560
Zoning Information3900
Days on Market114

Detailed Description: Offered at a 6.2% Proforma Cap, the property is currently 100% occupied. 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. The property includes two parking spaces, it features a community laundry and it has 4 units that are considered suites with no kitchens, just refrigerators. The unit mix includes 10 studios, 2 1BR / 1BA and 1 2BR / 2BA. It has over $140,000 in combined CapEx between the current and previous owner.

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Address Information
StateFlorida
CityMiami Beach
CountyMiami-Dade County
Zip Code33139
Section3
Zip Code (4 Digits)6217
Financial Information
Price$2,475,000
Price per Foot$0
Folio Number02-42-03-009-7560
Full Descriptions
Detailed DescriptionOffered at a 6.2% Proforma Cap, the property is currently 100% occupied. 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. The property includes two parking spaces, it features a community laundry and it has 4 units that are considered suites with no kitchens, just refrigerators. The unit mix includes 10 studios, 2 1BR / 1BA and 1 2BR / 2BA. It has over $140,000 in combined CapEx between the current and previous owner.
Property parameters
Living Area7500
Lot Size7500
Total Acreage0.000
Zoning Information3900
Maximum Leasable Size7500
Year Built1936
Type of PropertyIncome / MultiFamily
Type of BusinessApartments, Residential-Multi-Family
Stories Number2
Parking Space Number2
Listed withCBRE, Inc.