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 Market103

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.