570 68th St,Apartments, Residential-Multi-Family

570 68th St, Miami, Florida, 33138

Price $3,500,000.00

  • Lot size 7200
  • Year Build 1937
  • Waterfront
  • Zip 33138
  • Style
  • Parking Description
  • Pool Yes
  • Status Active
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Description

John DeMarco with Re/Max 5 Star Realty is pleased to present the sale of a 570 NE 68th St, Miami, Florida. This 8 unit multifamily building is located in an extremely desirable area within the upper east side district of Miami. It is in close proximity to Biscayne Blvd and only few minutes from Miami Beach. The physical property consists of 3,796 leasable SF, well situated on a large 7,200 sf lot. Once up and running as a vacation rental, this property is projected to generate over $301,440 annual gross income. Using a conservative $120 p/night rate and 20 days occupancy rate, projected net income will $249,531, which will provide an investor with a strong 7.31% capitalization rate at a full asking price.

MORNINGSIDE AMD PL PB 15-15 LOT 10 BLK 4 LOT SIZE 7200 SQUARE FEET OR 20657-2080 0902 4

John DeMarco with Re/Max 5 Star Realty is pleased to present the sale of a 570 NE 68th St, Miami, Florida. This 8 unit multifamily building is located in an extremely desirable area within the upper east side district of Miami. It is in close proximity to Biscayne Blvd and only few minutes from Miami Beach. The physical property consists of 3,796 leasable SF, well situated on a large 7,200 sf lot. Once up and running as a vacation rental, this property is projected to generate over $301,440 annual gross income. Using a conservative $120 p/night rate and 20 days occupancy rate, projected net income will $249,531, which will provide an investor with a strong 7.31% capitalization rate at a full asking price.

City:Miami,Zoning:6107,List A O R:A-Miami Association of REALTORS,List Price:3500000,Listing Id:A11058867,Mls Status:Active,Year Built:1937,Postal Code:33138,Street Name:68th St,Coordinates:1:25.837959,Photos Count:16,Business Type:1:Residential-Multi-Family,Days On Market:139,Lot Size Units:Square Feet,On Market Date:2021-06-17,Parcel Number:01-32-18-023-0500,Property Type:Commercial Sale,Street Number:570,Public Remarks:John DeMarco with Re/Max 5 Star Realty is pleased to present the sale of a 570 NE 68th St, Miami, Florida. This 8 unit multifamily building is located in an extremely desirable area within the upper east side district of Miami. It is in close proximity to Biscayne Blvd and only few minutes from Miami Beach. The physical property consists of 3,796 leasable SF, well situated on a large 7,200 sf lot. Once up and running as a vacation rental, this property is projected to generate over $301,440 annual gross income. Using a conservative $120 p/night rate and 20 days occupancy rate, projected net income will $249,531, which will provide an investor with a strong 7.31% capitalization rate at a full asking price.,County Or Parish:Miami-Dade County,Expiration Date:2021-12-31,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:5641,State Or Province:FL,Street Dir Prefix:NE,Tax Annual Amount:16225,Unparsed Address:570 NE 68th St, Miami FL 33138,Listing Agreement:Exclusive Right To Sell,Building Area Total:3796,Building Area Units:Square Feet,Lot Size Square Feet:7200,Original List Price:3500000,Public Survey Range:32,I D X Participation Y N:1,Syndication Remarks:John DeMarco with Re/Max 5 Star Realty is pleased to present the sale of a 570 NE 68th St, Miami, Florida. This 8 unit multifamily building is located in an extremely desirable area within the upper east side district of Miami. It is in close proximity to Biscayne Blvd and only few minutes from Miami Beach. The physical property consists of 3,796 leasable SF, well situated on a large 7,200 sf lot. Once up and running as a vacation rental, this property is projected to generate over $301,440 annual gross income. Using a conservative $120 p/night rate and 20 days occupancy rate, projected net income will $249,531, which will provide an investor with a strong 7.31% capitalization rate at a full asking price.,Listing Contract Date:2021-06-17,Originating System I D:miamire,Public Survey Section:18,Street Number Numeric:570,Tax Legal Description:MORNINGSIDE AMD PL PB 15-15 LOT 10 BLK 4 LOT SIZE 7200 SQUARE FEET OR 20657-2080 0902 4,Public Survey Township:32,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.5%,Contract Status Change Date:2021-06-17,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2.5%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,

  • Price $3,500,000.00
  • Price Change: 2021-06-17
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1937
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction
  • Parking Description
  • Flooring Type
  • Property Type Commercial Sale
  • Status Active
  • Listed 2021-06-17
  • Days on Market 163
  • Furnished
  • City Miami
  • Zip 33138
  • State Florida
  • Subdivision
  • Development Name
  • HOA Fees
  • Taxes 16225
  • Taxes Year