Offered at a 5.9% Proforma Cap, the property is currently 93% 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 four parking spaces. The u

Miami Beach

$3,400,000 USD
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AddressMiami Beach
Type of PropertyIncome / MultiFamily
Type of BusinessApartments, Residential-Multi-Family
Price$3,400,000
Property StatusActive
MLS NumberA11822750
Property Size7000
Lot Size7000
Year Built1962
Parking Space Number4
Folio Number02-42-03-009-4670
Zoning Information3900
Days on Market111

Detailed Description: Offered at a 5.9% Proforma Cap, the property is currently 93% 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 four parking spaces. The unit mix inlcudes 7 studios and 7 1BR / 1BA. It has over $120,000 in combined CapEx between the current and previous owner. The exterior was fully painted in 2024 ( $27k).

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Address Information
StateFlorida
CityMiami Beach
CountyMiami-Dade County
Zip Code33139
Section3
Zip Code (4 Digits)6197
Financial Information
Price$3,400,000
Price per Foot$0
Folio Number02-42-03-009-4670
Full Descriptions
Detailed DescriptionOffered at a 5.9% Proforma Cap, the property is currently 93% 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 four parking spaces. The unit mix inlcudes 7 studios and 7 1BR / 1BA. It has over $120,000 in combined CapEx between the current and previous owner. The exterior was fully painted in 2024 ( $27k).
Property parameters
Living Area7000
Lot Size7000
Total Acreage0.000
Zoning Information3900
Maximum Leasable Size7000
Year Built1962
Type of PropertyIncome / MultiFamily
Type of BusinessApartments, Residential-Multi-Family
Stories Number2
Parking Space Number4
Listed withCBRE, Inc.