1150 8th St ,Other, Quadruplex, Ocean Beach Addn No 3 for Sale

1150 8th St for Sale

Price $3,400,000.00

• Lot size 5426
• Year Build 1948
• Waterfront
• Zip 33139
• Style Other
• Parking Description
• Pool Yes
• Status Active

Description

Steps away from 500 Alton Project, 3 Acre Park Coming To Alton Road 4 Unit Multi-Family on Alton & 8th Street, on the same block as the New Baptist Health Center in Miami Beach. AAA Location - IDEAL for Owner Users, Developer or Investors. Flexible CD-2 Zoning allows for Medical Offices / Retails / Hotels / Short Term Rentals, and Other Commercial Uses. High Traffic Count Intersection & Close to Major Retailers. FAR 2.0 = Develop 15,000 sqft 5 story building. Total Monthly income: $15,700, move in 5.3% CAP Rate with potential upside on the rents! Tenants Pay all expense. the only thing landlord pays is monthly gardening fees, along with taxes and insurance annually! All Units come furnished with inventory list, they are all the exact same on the interior!

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11652726 call listing agent for all showing requests. Will need at least 48 hours advance as this is fully tenant occupied. Cell: 641-340-0089

OCEAN BEACH ADDN NO 3 PB 2-81 LOT 16 BLK 106 LOT SIZE 7500 SQ FT M/L

Less Than 1/4 Acre Lot

Steps away from 500 Alton Project, 3 Acre Park Coming To Alton Road 4 Unit Multi-Family on Alton & 8th Street, on the same block as the New Baptist Health Center in Miami Beach. AAA Location - IDEAL for Owner Users, Developer or Investors. Flexible CD-2 Zoning allows for Medical Offices / Retails / Hotels / Short Term Rentals, and Other Commercial Uses. High Traffic Count Intersection & Close to Major Retailers. FAR 2.0 = Develop 15,000 sqft 5 story building. Total Monthly income: $15,700, move in 5.3% CAP Rate with potential upside on the rents! Tenants Pay all expense. the only thing landlord pays is monthly gardening fees, along with taxes and insurance annually! All Units come furnished with inventory list, they are all the exact same on the interior!

City:Miami Beach,Zoning:6400,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2024,Latitude:25.778076,Cooling Y N:1,Heating Y N:1,List Price:3400000,Listing Id:A11652726,Longitude:-80.1403942,Mls Status:Active,Year Built:1948,Living Area:5426,Postal Code:33139,Street Name:8th St,Coordinates:1:25.778076,Photos Count:27,Building Name:OCEAN BEACH ADDN NO 3,Days On Market:97,Listing Terms:1:Conventional,2:FHA,Lot Size Units:Square Feet,M I A M I R E_ Area:32,M L S Area Major:Ocean Beach Addn No 3,On Market Date:2024-09-03,Parcel Number:02-42-03-009-8650,Property Type:Residential Income,Stories Total:2,Street Number:1150,M I A M I R E_ Style:Fourplex,Public Remarks:Steps away from 500 Alton Project, 3 Acre Park Coming To Alton Road 4 Unit Multi-Family on Alton & 8th Street, on the same block as the New Baptist Health Center in Miami Beach. AAA Location - IDEAL for Owner Users, Developer or Investors. Flexible CD-2 Zoning allows for Medical Offices / Retails / Hotels / Short Term Rentals, and Other Commercial Uses. High Traffic Count Intersection & Close to Major Retailers. FAR 2.0 = Develop 15,000 sqft 5 story building. Total Monthly income: $15,700, move in 5.3% CAP Rate with potential upside on the rents! Tenants Pay all expense. the only thing landlord pays is monthly gardening fees, along with taxes and insurance annually! All Units come furnished with inventory list, they are all the exact same on the interior!,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,List Office Name:Alexandria Realty Group LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:5913,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:OCEAN BEACH ADDN NO 3,Tax Annual Amount:37946,Unparsed Address:1150 8th St, Miami Beach FL 33139,Listing Agreement:Exclusive Agency,Year Built Details:Resale,Building Area Total:5426,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:626.6126,Original List Price:3500000,Previous List Price:3450000,Public Survey Range:42,I D X Participation Y N:1,Syndication Remarks:Steps away from 500 Alton Project, 3 Acre Park Coming To Alton Road 4 Unit Multi-Family on Alton & 8th Street, on the same block as the New Baptist Health Center in Miami Beach. AAA Location - IDEAL for Owner Users, Developer or Investors. Flexible CD-2 Zoning allows for Medical Offices / Retails / Hotels / Short Term Rentals, and Other Commercial Uses. High Traffic Count Intersection & Close to Major Retailers. FAR 2.0 = Develop 15,000 sqft 5 story building. Total Monthly income: $15,700, move in 5.3% CAP Rate with potential upside on the rents! Tenants Pay all expense. the only thing landlord pays is monthly gardening fees, along with taxes and insurance annually! All Units come furnished with inventory list, they are all the exact same on the interior!,Listing Contract Date:2024-09-03,Originating System I D:miamire,Public Survey Section:3,Showing Instructions:Call Listing Agent,Street Number Numeric:1150,Tax Legal Description:OCEAN BEACH ADDN NO 3 PB 2-81 LOT 16 BLK 106 LOT SIZE 7500 SQ FT M/L,Public Survey Township:42,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:4781,M I A M I R E_ Internet Remarks:Steps away from 500 Alton Project, 3 Acre Park Coming To Alton Road 4 Unit Multi-Family on Alton & 8th Street, same block as Baptist Health Center.,Contract Status Change Date:2024-09-03,Internet Address Display Y N:1,Number Of Units In Community:4,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:626.61,