Offered at a 6.5% 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 has 15 Studios, 3 2BR / 1BA and 2

Miami Beach

$4,600,000 USD
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AddressMiami Beach
Type of PropertyIncome / MultiFamily
Type of BusinessApartments, Residential-Multi-Family
Price$4,600,000
Property StatusActive
MLS NumberA11823186
Property Size10500
Lot Size10500
Year Built1925
Folio Number02-42-03-009-4310
Zoning Information3900
Days on Market138

Detailed Description: Offered at a 6.5% 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 has 15 Studios, 3 2BR / 1BA and 2 2BR / 2BA. It has over $930,000 in combined CapEx between the current and previous owner. Building interior and exterior was painted in 2024 ( $58k). The property features community laundry. It has 6 fully renovated units.

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Address Information
StateFlorida
CityMiami Beach
CountyMiami-Dade County
Zip Code33139
Section3
Zip Code (4 Digits)4838
Financial Information
Price$4,600,000
Price per Foot$0
Folio Number02-42-03-009-4310
Full Descriptions
Detailed DescriptionOffered at a 6.5% 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 has 15 Studios, 3 2BR / 1BA and 2 2BR / 2BA. It has over $930,000 in combined CapEx between the current and previous owner. Building interior and exterior was painted in 2024 ( $58k). The property features community laundry. It has 6 fully renovated units.
Property parameters
Living Area10500
Lot Size10500
Total Acreage0.000
Zoning Information3900
Maximum Leasable Size10500
Year Built1925
Type of PropertyIncome / MultiFamily
Type of BusinessApartments, Residential-Multi-Family
Stories Number3
Listed withCBRE, Inc.