7311 Gary Ave ,Free Standing for Sale

7311 Gary Ave for Sale

Price $3,995,000.00

• Lot size 15000
• Year Build 1958
• Waterfront
• Zip 33141
• Style
• Parking Description
• Pool Yes
• Status Active

Description

CBRE, as exclusive advisor, is pleased to present 7311 Gary Avenue ? an apartment opportunity in Miami Beach with exceptional value-add upside. The property is situated in North Beach area of Miami Beach just north of the main corridor 71st Street and just east of Normandy Isle, approximately 0.5 miles west of the beach. It is a 2-story building that contains 18 units of which, 1 is a Studio, 14 are 1BR/1BA, 2 are 2BR/2BA and 1 is a 3BR/2BA. The property is currently 100% occupied with average market rents of $2,064. Current ownership has replaced the roof in 2023 and has partially upgraded approximately half of the units with finishes including new flooring, modern bathroom vanities, white shaker-style kitchen cabinets and granite countertops among other upgrades.

PARK VIEW ISLAND PB 60-6 LOTS 12 & 13 BLK 3 LOT SIZE 120.000 X 125 COC 25966-3164 09 2007 5

CBRE, as exclusive advisor, is pleased to present 7311 Gary Avenue ? an apartment opportunity in Miami Beach with exceptional value-add upside. The property is situated in North Beach area of Miami Beach just north of the main corridor 71st Street and just east of Normandy Isle, approximately 0.5 miles west of the beach. It is a 2-story building that contains 18 units of which, 1 is a Studio, 14 are 1BR/1BA, 2 are 2BR/2BA and 1 is a 3BR/2BA. The property is currently 100% occupied with average market rents of $2,064. Current ownership has replaced the roof in 2023 and has partially upgraded approximately half of the units with finishes including new flooring, modern bathroom vanities, white shaker-style kitchen cabinets and granite countertops among other upgrades.

City:Miami Beach,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:25.8582997,Cooling Y N:1,Heating Y N:1,List Price:3995000,Listing Id:A11531936,Longitude:-80.1273743,Mls Status:Active,Year Built:1958,Postal Code:33141,Street Name:Gary Ave,Tenant Pays:1:Gas,Coordinates:1:25.8582997,Photos Count:13,Business Type:1:Residential-Multi-Family,Days On Market:22,Lot Size Units:Square Feet,M I A M I R E_ Area:32,On Market Date:2024-02-12,Parcel Number:02-32-02-014-1040,Parking Total:18,Property Type:Commercial Sale,Stories Total:2,Street Number:7311,Public Remarks:CBRE, as exclusive advisor, is pleased to present 7311 Gary Avenue ? an apartment opportunity in Miami Beach with exceptional value-add upside. The property is situated in North Beach area of Miami Beach just north of the main corridor 71st Street and just east of Normandy Isle, approximately 0.5 miles west of the beach. It is a 2-story building that contains 18 units of which, 1 is a Studio, 14 are 1BR/1BA, 2 are 2BR/2BA and 1 is a 3BR/2BA. The property is currently 100% occupied with average market rents of $2,064. Current ownership has replaced the roof in 2023 and has partially upgraded approximately half of the units with finishes including new flooring, modern bathroom vanities, white shaker-style kitchen cabinets and granite countertops among other upgrades.,County Or Parish:Miami-Dade County,List Office Name:CBRE, Inc.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:2582,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:57797,Unparsed Address:7311 Gary Ave, Miami Beach FL 33141,Listing Agreement:Exclusive Agency,Year Built Details:Resale,Building Area Total:12538,Building Area Units:Square Feet,Lot Size Dimensions:120x125,Lot Size Square Feet:15000,Number Of Buildings:1,Original List Price:4395000,Previous List Price:4395000,Public Survey Range:32,I D X Participation Y N:1,Syndication Remarks:CBRE, as exclusive advisor, is pleased to present 7311 Gary Avenue ? an apartment opportunity in Miami Beach with exceptional value-add upside. The property is situated in North Beach area of Miami Beach just north of the main corridor 71st Street and just east of Normandy Isle, approximately 0.5 miles west of the beach. It is a 2-story building that contains 18 units of which, 1 is a Studio, 14 are 1BR/1BA, 2 are 2BR/2BA and 1 is a 3BR/2BA. The property is currently 100% occupied with average market rents of $2,064. Current ownership has replaced the roof in 2023 and has partially upgraded approximately half of the units with finishes including new flooring, modern bathroom vanities, white shaker-style kitchen cabinets and granite countertops among other upgrades.,Listing Contract Date:2024-02-12,Originating System I D:miamire,Public Survey Section:2,Showing Instructions:Call Listing Agent,Street Number Numeric:7311,Tax Legal Description:PARK VIEW ISLAND PB 60-6 LOTS 12 & 13 BLK 3 LOT SIZE 120.000 X 125 COC 25966-3164 09 2007 5,Public Survey Township:32,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2%,M I A M I R E_ Internet Remarks:- Tremendous Rental Upside - Immense Barriers to Entry - Additional Value-Add Upside - North Beach Town Center,Contract Status Change Date:2024-02-12,Number Of Units In Community:18,Transaction Broker Compensation:2%,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.,Transaction Broker Compensation Type:%,