Offered at a 6.4% Proforma Cap, the property is currently 92% 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 has 8 studios and 4 1BR units. It h

Miami Beach

$2,730,000 USD
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AddressMiami Beach
Type of PropertyIncome / MultiFamily
Type of BusinessApartments, Residential-Multi-Family
Price$2,730,000
Property StatusActive
MLS NumberA11822968
Property Size7000
Lot Size7000
Year Built1947
Folio Number02-42-03-009-4350
Zoning Information3900
Days on Market94

Detailed Description: Offered at a 6.4% Proforma Cap, the property is currently 92% 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 has 8 studios and 4 1BR units. It has over $300,000 in combined CapEx between the current and previous owner. Most CapEx has been focused in common area / exterior elements. The property also features common area laundry.

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Address Information
StateFlorida
CityMiami Beach
CountyMiami-Dade County
Zip Code33139
Section3
Zip Code (4 Digits)8434
Financial Information
Price$2,730,000
Price per Foot$0
Folio Number02-42-03-009-4350
Full Descriptions
Detailed DescriptionOffered at a 6.4% Proforma Cap, the property is currently 92% 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 has 8 studios and 4 1BR units. It has over $300,000 in combined CapEx between the current and previous owner. Most CapEx has been focused in common area / exterior elements. The property also features common area laundry.
Property parameters
Living Area7000
Lot Size7000
Total Acreage0.000
Zoning Information3900
Maximum Leasable Size7000
Year Built1947
Type of PropertyIncome / MultiFamily
Type of BusinessApartments, Residential-Multi-Family
Stories Number2
Listed withCBRE, Inc.