1000 7th St ,Attached, Quadruplex, Ocean Beach Addn No 3 for Sale

1000 7th St for Sale

Price $4,975,000.00

• Lot size 7868
• Year Build 1951
• Waterfront
• Zip 33139
• Style Attached
• Parking Description
• Pool Yes
• Status Active

Description

9.6% CAP RATE WITH 70% SELLER FINANCING, 6% INTEREST ONLY FOR 5 YEARS! WITH OPTION FOR ANOTHER 5 YEARS! 10 UNITS (7 2BR & 3 1BR)= RARE opportunity to own a Completely Renovated Turn-Key Investors Dream Income Producing Goldmine! Mid-Century Modern meets Art Deco Masterpiece in this completely restored down to the studs 10 units, 2-story building, a large (7500 SFT) lot, the most quiet, peaceful & safe street in all of S. Beach! Renovations include new AC, HWH, plumbing, electrical panels, roof, modern kitchens with quartz counters, SS appliances, breakfast bar. Cool, hip and chic decor throughout including hotel quality baths with celebrity lighting, engineered wood floors easy to clean and durable. Washer & dryer in all units. 4 PRIVATE PARKING SPOTS. BBQ patio to enjoy! 40-year done!

Please use Showingtime and I will confirm. Text Ricky for more info, 305-747-5117. Check attachments for rent roll, financials and Offering Memorandum. Walk-through video here: https://share.icloud.com/photos/062XUNX2QR80mnxhfZEPvdxYA

OCEAN BEACH ADDN NO 3 PB 2-81 LOT 1 BLK 97 LOT SIZE 50.000 X 150 OR 16023-1241 0793 1 COC 26210-4069 01 2008 1

Less Than 1/4 Acre Lot

9.6% CAP RATE WITH 70% SELLER FINANCING, 6% INTEREST ONLY FOR 5 YEARS! WITH OPTION FOR ANOTHER 5 YEARS! 10 UNITS (7 2BR & 3 1BR)= RARE opportunity to own a Completely Renovated Turn-Key Investors Dream Income Producing Goldmine! Mid-Century Modern meets Art Deco Masterpiece in this completely restored down to the studs 10 units, 2-story building, a large (7500 SFT) lot, the most quiet, peaceful & safe street in all of S. Beach! Renovations include new AC, HWH, plumbing, electrical panels, roof, modern kitchens with quartz counters, SS appliances, breakfast bar. Cool, hip and chic decor throughout including hotel quality baths with celebrity lighting, engineered wood floors easy to clean and durable. Washer & dryer in all units. 4 PRIVATE PARKING SPOTS. BBQ patio to enjoy! 40-year done!

City:Miami Beach,Model:BISCAYNE BAY,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2022,Flooring:1:Tile,Latitude:25.7768943,Cooling Y N:1,Heating Y N:1,List Price:4975000,Listing Id:A11379562,Longitude:-80.1387521,Mls Status:Active,Year Built:1951,Living Area:7868,Postal Code:33139,Street Name:7th St,Coordinates:1:25.7768943,Photos Count:42,Builder Model:BISCAYNE BAY,Building Name:OCEAN BEACH ADDN NO 3,Days On Market:18,Listing Terms:1:Conventional,2:Exchange,3:Owner Will Carry,Lot Size Units:Square Feet,M L S Area Major:Ocean Beach Addn No 3,On Market Date:2023-05-03,Parcel Number:02-42-03-009-7640,Parking Total:4,Property Type:Residential Income,Rent Includes:1:Gardener,2:Trash Collection,3:Water,Stories Total:2,Street Number:1000,Waterfront Y N:1,M I A M I R E_ Style:Fourplex,Public Remarks:9.6% CAP RATE WITH 70% SELLER FINANCING, 6% INTEREST ONLY FOR 5 YEARS! WITH OPTION FOR ANOTHER 5 YEARS! 10 UNITS (7 2BR & 3 1BR)= RARE opportunity to own a Completely Renovated Turn-Key Investors Dream Income Producing Goldmine! Mid-Century Modern meets Art Deco Masterpiece in this completely restored down to the studs 10 units, 2-story building, a large (7500 SFT) lot, the most quiet, peaceful & safe street in all of S. Beach! Renovations include new AC, HWH, plumbing, electrical panels, roof, modern kitchens with quartz counters, SS appliances, breakfast bar. Cool, hip and chic decor throughout including hotel quality baths with celebrity lighting, engineered wood floors easy to clean and durable. Washer & dryer in all units. 4 PRIVATE PARKING SPOTS. BBQ patio to enjoy! 40-year done!,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2023-12-31,List Office Name:Keller Williams Capital Realty,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:5995,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:OCEAN BEACH ADDN NO 3,OCEAN BEACH,Tax Annual Amount:31002,Unparsed Address:1000 7th St, Miami Beach FL 33139,Exterior Features:1:Built-In Grill,2:Open Balcony,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:7868,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:632.3081,Original List Price:4975000,Property Condition:1:Substantially Remodeled,Public Survey Range:42,Documents Available:1:Investment Analysis,2:Copy Of Lease(S),3:Rent Rolls,I D X Participation Y N:1,Number Of Units Total:10,Syndication Remarks:9.6% CAP RATE WITH 70% SELLER FINANCING, 6% INTEREST ONLY FOR 5 YEARS! WITH OPTION FOR ANOTHER 5 YEARS! 10 UNITS (7 2BR & 3 1BR)= RARE opportunity to own a Completely Renovated Turn-Key Investors Dream Income Producing Goldmine! Mid-Century Modern meets Art Deco Masterpiece in this completely restored down to the studs 10 units, 2-story building, a large (7500 SFT) lot, the most quiet, peaceful & safe street in all of S. Beach! Renovations include new AC, HWH, plumbing, electrical panels, roof, modern kitchens with quartz counters, SS appliances, breakfast bar. Cool, hip and chic decor throughout including hotel quality baths with celebrity lighting, engineered wood floors easy to clean and durable. Washer & dryer in all units. 4 PRIVATE PARKING SPOTS. BBQ patio to enjoy! 40-year done!,Listing Contract Date:2023-05-03,Originating System I D:miamire,Public Survey Section:3,Showing Instructions:24 Hour Notice,See Broker Remarks,Showing Assist,Street Number Numeric:1000,Tax Legal Description:OCEAN BEACH ADDN NO 3 PB 2-81 LOT 1 BLK 97 LOT SIZE 50.000 X 150 OR 16023-1241 0793 1 COC 26210-4069 01 2008 1,Public Survey Township:42,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2%,M I A M I R E_ Adjusted Area S F:6407,Contract Status Change Date:2023-05-03,Internet Address Display Y N:1,Number Of Units In Community:2,M I A M I R E_ Ok To Advertise List:No,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:632.31,