6955 Rue Vendome (6-plex) ,Other, Quadruplex, Oceanside Sec Isle Of Nor for Sale

6955 Rue Vendome (6-plex) for Sale

Price $1,750,000.00

• Lot size 3552
• Year Build 1936
• Waterfront
• Zip 33141
• Style Other
• Parking Description
• Pool Yes
• Status Pending

Description

**BEST PRICE 6-PLEX PRICE $283k/DOOR ON NORMANDY ISLES- CALL FOR OFFERS DISCOUNTED AT 1.75M 6% CAP **Renovated 6-unit multifamily w/6 assigned parking spaces STEPS from units (HUGE RENTER DEMAND) + 20% upside in existing rents & massive value add: IN-PLACE NOI- $104,839; proforma GI is $240K CAPEX- Seller expended over $150K in last years including recent upgrades- i.e. installing new plumbing/sewer line Jan-2024 w/50-year warranty, two new AC units, renovations, landscaping, irrigation system, etc. since listing. OWNER DELIVERING TURNKEY CONDITION WITH NO MAJOR CAPEX REQUIRED BY NEW BUYER (VS MOST AREA MULTIFAMILIES ON MARKET)

OM in listing attachments. Owner CAPEX (2020)- Plumbing/Sewer, Irrigation/landscaping, (coin) W/D Room, Stucco/Exterior (2019/2022), Kitchens/Baths/Floors, rooftop central A/C, roof (2014) & 6 FPL meters. **Full financials, rent roll, etc. available for qualified, vetted buyers only** COMPS AND COMPETITIVE MARKET ANALYSIS INCLUDED IN LISTING RANGE OF $350k/DOOR TO +$400k/DOOR (REF PAGE 3 PDF)

OCEAN SIDE SEC ISLE OF NORMANDY PB 25-60 LOT 28 BLK 5 LOT SIZE 56.600 X 126 OR 20170-1663 12 2001 4 COC 25489-1147 02 2007 4

Less Than 1/4 Acre Lot

**BEST PRICE 6-PLEX PRICE $283k/DOOR ON NORMANDY ISLES- CALL FOR OFFERS DISCOUNTED AT 1.75M 6% CAP **Renovated 6-unit multifamily w/6 assigned parking spaces STEPS from units (HUGE RENTER DEMAND) + 20% upside in existing rents & massive value add: IN-PLACE NOI- $104,839; proforma GI is $240K CAPEX- Seller expended over $150K in last years including recent upgrades- i.e. installing new plumbing/sewer line Jan-2024 w/50-year warranty, two new AC units, renovations, landscaping, irrigation system, etc. since listing. OWNER DELIVERING TURNKEY CONDITION WITH NO MAJOR CAPEX REQUIRED BY NEW BUYER (VS MOST AREA MULTIFAMILIES ON MARKET)

City:Miami Beach,Roof:1:Flat Tile,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Latitude:25.8550793,Cooling Y N:1,Heating Y N:1,List Price:1750000,Listing Id:A11453884,Longitude:-80.1280941,Mls Status:Pending,Year Built:1936,Directions:Massive value add to unlock via multiple avenues: ? Strategy 1: Add four (4) for units to existing footprint (total 10)- proforma $240K GI. ***Financing options available. Please contact OZMO, the financing broker on this property.,Living Area:3552,Postal Code:33141,Street Name:Rue Vendome (6-plex),Coordinates:1:25.8550793,Photos Count:49,Building Name:OCEANSIDE SEC ISLE OF NOR,Days On Market:213,Listing Terms:1:Conventional,2:Exchange,Lot Size Units:Square Feet,M I A M I R E_ Area:32,M L S Area Major:Oceanside Sec Isle Of Nor,On Market Date:2023-09-15,Parcel Number:02-32-10-013-0670,Parking Total:6,Property Type:Residential Income,Stories Total:2,Street Number:6955,M I A M I R E_ Style:Fourplex,Public Remarks:**BEST PRICE 6-PLEX PRICE $283k/DOOR ON NORMANDY ISLES- CALL FOR OFFERS DISCOUNTED AT 1.75M 6% CAP **Renovated 6-unit multifamily w/6 assigned parking spaces STEPS from units (HUGE RENTER DEMAND) + 20% upside in existing rents & massive value add: IN-PLACE NOI- $104,839; proforma GI is $240K CAPEX- Seller expended over $150K in last years including recent upgrades- i.e. installing new plumbing/sewer line Jan-2024 w/50-year warranty, two new AC units, renovations, landscaping, irrigation system, etc. since listing. OWNER DELIVERING TURNKEY CONDITION WITH NO MAJOR CAPEX REQUIRED BY NEW BUYER (VS MOST AREA MULTIFAMILIES ON MARKET),Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,List Office Name:Real Estate Sales Force,Private Remarks:OM in listing attachments. Owner CAPEX (2020)- Plumbing/Sewer, Irrigation/landscaping, (coin) W/D Room, Stucco/Exterior (2019/2022), Kitchens/Baths/Floors, rooftop central A/C, roof (2014) & 6 FPL meters. **Full financials, rent roll, etc. available for qualified, vetted buyers only** COMPS AND COMPETITIVE MARKET ANALYSIS INCLUDED IN LISTING RANGE OF $350k/DOOR TO +$400k/DOOR (REF PAGE 3 PDF),Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:2951,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:OCEANSIDE SEC ISLE OF NOR,Tax Annual Amount:15654,Unparsed Address:6955 Rue Vendome (6-plex), Miami Beach FL 33141,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:3552,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:492.6802,Original List Price:2050000,Previous List Price:1800000,Public Survey Range:32,Documents Available:1:Copy Of Lease(S),2:Rent Rolls,3:Existing Survey,I D X Participation Y N:1,Net Operating Income:104839,Number Of Units Total:6,Syndication Remarks:**BEST PRICE 6-PLEX PRICE $283k/DOOR ON NORMANDY ISLES- CALL FOR OFFERS DISCOUNTED AT 1.75M 6% CAP **Renovated 6-unit multifamily w/6 assigned parking spaces STEPS from units (HUGE RENTER DEMAND) + 20% upside in existing rents & massive value add: IN-PLACE NOI- $104,839; proforma GI is $240K CAPEX- Seller expended over $150K in last years including recent upgrades- i.e. installing new plumbing/sewer line Jan-2024 w/50-year warranty, two new AC units, renovations, landscaping, irrigation system, etc. since listing. OWNER DELIVERING TURNKEY CONDITION WITH NO MAJOR CAPEX REQUIRED BY NEW BUYER (VS MOST AREA MULTIFAMILIES ON MARKET),Listing Contract Date:2023-09-15,Originating System I D:miamire,Public Survey Section:10,Showing Instructions:Call Listing Agent,Street Number Numeric:6955,Tax Legal Description:OCEAN SIDE SEC ISLE OF NORMANDY PB 25-60 LOT 28 BLK 5 LOT SIZE 56.600 X 126 OR 20170-1663 12 2001 4 COC 25489-1147 02 2007 4,Public Survey Township:32,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:3298,M I A M I R E_ Internet Remarks:1.25 FAR allows up to 8,915 SF; 9.79 units (+3 over existing). Exponential cash on cash return + yield on capital growth + positive cash flows!,Contract Status Change Date:2023-09-15,Internet Address Display Y N:1,Number Of Units In Community:1,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2%, The offer of compensation is made only to participants of the MLS where the listing is filed.,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:492.68,