960 Biarritz Dr ,Residential-multi-family for Sale

960 Biarritz Dr for Sale

Price $3,430,000.00

• Lot size 6574
• Year Build 1977
• Waterfront
• Zip 33141
• Style
• Parking Description
• Pool Yes
• Status Active

Description

960 Biarritz Drive is a 14-unit stabilized and fully renovated apartment building in the heart of North Beach. The property is steps from the water and a 5 minute walk to the beach. North Beach is a growing market with a number of attractive retailers, restaurants, and new developments. All 14-units have tile flooring, full kitchens, and impact windows/doors. The property is being offered at a 6.13% existing cap rate and is fully leased with below market rents. The purchaser can likely increase rents. All leases have 60 day termination clauses.

OCEAN SIDE SEC ISLE OF NORMANDY PB 25-60 LOT 7 BLK 6 LOT SIZE 50.000 X 125 OR 19401-0108 1200 2 (2)

960 Biarritz Drive is a 14-unit stabilized and fully renovated apartment building in the heart of North Beach. The property is steps from the water and a 5 minute walk to the beach. North Beach is a growing market with a number of attractive retailers, restaurants, and new developments. All 14-units have tile flooring, full kitchens, and impact windows/doors. The property is being offered at a 6.13% existing cap rate and is fully leased with below market rents. The purchaser can likely increase rents. All leases have 60 day termination clauses.

City:Miami Beach,Zoning:3900,List A O R:A-Miami Association of REALTORS,Latitude:25.8537925,List Price:3430000,Listing Id:A11482435,Longitude:-80.1281549,Mls Status:Active,Year Built:1977,Postal Code:33141,Street Name:Biarritz Dr,Coordinates:1:25.8537925,Photos Count:9,Days On Market:25,Lot Size Units:Square Feet,M I A M I R E_ Area:32,On Market Date:2023-10-20,Parcel Number:02-32-10-013-0760,Property Type:Commercial Sale,Street Number:960,Public Remarks:960 Biarritz Drive is a 14-unit stabilized and fully renovated apartment building in the heart of North Beach. The property is steps from the water and a 5 minute walk to the beach. North Beach is a growing market with a number of attractive retailers, restaurants, and new developments. All 14-units have tile flooring, full kitchens, and impact windows/doors. The property is being offered at a 6.13% existing cap rate and is fully leased with below market rents. The purchaser can likely increase rents. All leases have 60 day termination clauses.,County Or Parish:Miami-Dade County,List Office Name:STL Advisors, LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:5665,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:31118,Unparsed Address:960 Biarritz Dr, Miami Beach FL 33141,Listing Agreement:Exclusive Right To Sell,Building Area Total:6574,Building Area Units:Square Feet,Lot Size Square Feet:6250,Original List Price:3490000,Previous List Price:3490000,Public Survey Range:32,I D X Participation Y N:1,Syndication Remarks:960 Biarritz Drive is a 14-unit stabilized and fully renovated apartment building in the heart of North Beach. The property is steps from the water and a 5 minute walk to the beach. North Beach is a growing market with a number of attractive retailers, restaurants, and new developments. All 14-units have tile flooring, full kitchens, and impact windows/doors. The property is being offered at a 6.13% existing cap rate and is fully leased with below market rents. The purchaser can likely increase rents. All leases have 60 day termination clauses.,Listing Contract Date:2023-10-20,Originating System I D:miamire,Public Survey Section:10,Street Number Numeric:960,Tax Legal Description:OCEAN SIDE SEC ISLE OF NORMANDY PB 25-60 LOT 7 BLK 6 LOT SIZE 50.000 X 125 OR 19401-0108 1200 2 (2),Public Survey Township:32,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.5%,M I A M I R E_ Internet Remarks:960 Biarritz Drive, a 14-unit stabilized and fully renovated apartment building in the heart of North Beach. The property is steps from the water.,Contract Status Change Date:2023-10-20,Internet Address Display Y N:1,Dual Variable Compensation Y N:1,Transaction Broker Compensation:2.5%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2.5%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,