1000 7th St ,Income Non-waterfront for Sale & Rent

1000 7th St for Sale & Rent

Price $4,975,000.00

• Lot size 7868
• Year Build 1951
• Waterfront
• Zip 33139
• Style
• Parking Description Assigned, Common, On Street
• Pool Yes
• Status Active

Description

9.6% CAP RATE = 70% SELLER FINANCING FOR 5 YEARS 6% INTEREST ONLY! 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

9.6% CAP RATE = 70% SELLER FINANCING FOR 5 YEARS 6% INTEREST ONLY! 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,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2022,Latitude:25.7768943,Cooling Y N:1,Heating Y N:1,Lease Term:Annual Lease,Month To Month,List Price:4975000,Listing Id:A11379563,Longitude:-80.1387521,Mls Status:Active,Year Built:1951,Inclusions:Building & Land,Fixtures,Machinery,Possession:1:Rental Agreement,Postal Code:33139,Street Name:7th St,Tenant Pays:1:Electricity,Coordinates:1:25.7768943,Photos Count:40,Business Type:1:Residential-Multi-Family,Days On Market:18,Listing Terms:1:All Cash,2:Conventional/Refinance,3:Owner Will Carry,Lot Size Units:Square Feet,On Market Date:2023-05-03,Parcel Number:02-42-03-009-7640,Parking Total:4,Property Type:Commercial Sale,Stories Total:2,Street Number:1000,Open Parking Y N:1,Public Remarks:9.6% CAP RATE = 70% SELLER FINANCING FOR 5 YEARS 6% INTEREST ONLY! 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:Commercial,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,Parking Features:1:Common,2:On Street,Postal Code Plus4:5995,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:31002,Unparsed Address:1000 7th St, Miami Beach FL 33139,Building Features:1:Exterior Lighting,2:Landscaped,3:Laundry Facilities,Listing Agreement:Exclusive Right To Sell,Building Area Total:7868,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:7500,M I A M I R E_ For Sale Y N:1,Number Of Buildings:1,Original List Price:4975000,Public Survey Range:42,Documents Available:1:Rent Rolls,I D X Participation Y N:1,M I A M I R E_ For Lease Y N:1,Syndication Remarks:9.6% CAP RATE = 70% SELLER FINANCING FOR 5 YEARS 6% INTEREST ONLY! 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,Showing Instructions:Appointment Only,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%,Contract Status Change Date:2023-05-03,Internet Address Display Y N:1,Number Of Units In Community:10,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:%,