300 76th St ,Free Standing, Income Non-waterfront for Sale & Rent

300 76th St for Sale & Rent

Price $7,300,000.00

• Lot size 21408
• Year Build 1958
• Waterfront
• Zip 33141
• Style
• Parking Description Common, Other, On Street
• Pool Yes
• Status Active

Description

Introducing NoBe76, a prime investment opportunity in the heart of North Beach. This 3 property portfolio with 30-units is comprised of 300 76th St, 7636 Harding & 7635 Abbott. NoBe76 offers immense potential for value-add in a sought-after neighborhood two blocks from the beach & North Shore Park. The two buildings that front Harding Ave (22 units) have the ability to obtain short term rental licensing as part of the North Shore Historic District. NoBe76 features generous sized units with 10 Studios and 20 One Beds all currently under month-to-month leases paying well below-market rates. Owned by the same family for over 30 years, this portfolio boasts a strategic location making it attractive for investors looking to reposition and capitalize on North Beach?s continuous growth.

Please visit NoBe76.com and register to obtain full OM and current financials with STR Pro-Forma. All 3 buildings are within 1 block from each other making it easy for management. 22 out of the 30 units fall into the Short Term Rental zoning code Section 142.1111 (d) allowing Investors to apply for STR license. The portfolio must be sold together, Owner will not sell the buildings separate. We project a 7.35% Cap Rate after converting the 22 units to STR and renovations are completed.

2 53 42 ALTOS DEL MAR NO 3 PB 8-41 LOT 6 BLK 12 LOT SIZE 50.000 X 113 OR 16330-4473 0494 2 (3)

Beach Access, Corner Lot

Introducing NoBe76, a prime investment opportunity in the heart of North Beach. This 3 property portfolio with 30-units is comprised of 300 76th St, 7636 Harding & 7635 Abbott. NoBe76 offers immense potential for value-add in a sought-after neighborhood two blocks from the beach & North Shore Park. The two buildings that front Harding Ave (22 units) have the ability to obtain short term rental licensing as part of the North Shore Historic District. NoBe76 features generous sized units with 10 Studios and 20 One Beds all currently under month-to-month leases paying well below-market rates. Owned by the same family for over 30 years, this portfolio boasts a strategic location making it attractive for investors looking to reposition and capitalize on North Beach?s continuous growth.

City:Miami Beach,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Flooring:1:Tile,Latitude:25.8611137,Cooling Y N:1,Heating Y N:1,Lease Term:Month To Month,List Price:7300000,Listing Id:A11654679,Longitude:-80.1222786,Mls Status:Active,Ownership:Partnership,Year Built:1958,Inclusions:Building & Land,Postal Code:33141,Street Name:76th St,Coordinates:1:25.8611137,Lot Features:1:Corner Lot,Photos Count:41,Building Name:NoBe76 Portfolio,Business Type:1:Hotel/Motel,Days On Market:5,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:32,On Market Date:2024-09-06,Parcel Number:02-32-02-007-0800,Property Type:Commercial Sale,Stories Total:2,Street Number:300,Open Parking Y N:1,Public Remarks:Introducing NoBe76, a prime investment opportunity in the heart of North Beach. This 3 property portfolio with 30-units is comprised of 300 76th St, 7636 Harding & 7635 Abbott. NoBe76 offers immense potential for value-add in a sought-after neighborhood two blocks from the beach & North Shore Park. The two buildings that front Harding Ave (22 units) have the ability to obtain short term rental licensing as part of the North Shore Historic District. NoBe76 features generous sized units with 10 Studios and 20 One Beds all currently under month-to-month leases paying well below-market rates. Owned by the same family for over 30 years, this portfolio boasts a strategic location making it attractive for investors looking to reposition and capitalize on North Beach?s continuous growth.,Approval Status:Unapproved,County Or Parish:Miami-Dade County,List Office Name:Compass Florida, LLC.,Private Remarks:Please visit NoBe76.com and register to obtain full OM and current financials with STR Pro-Forma. All 3 buildings are within 1 block from each other making it easy for management. 22 out of the 30 units fall into the Short Term Rental zoning code Section 142.1111 (d) allowing Investors to apply for STR license. The portfolio must be sold together, Owner will not sell the buildings separate. We project a 7.35% Cap Rate after converting the 22 units to STR and renovations are completed.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Parking Features:1:Other,2:On Street,Postal Code Plus4:2356,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:80544,Unparsed Address:300 76th St, Miami Beach FL 33141,Building Features:1:Exterior Lighting,2:Laundry Facilities,3:Washer(S) Leased,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:21408,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:16800,M I A M I R E_ For Sale Y N:1,Number Of Buildings:3,Original List Price:7300000,Public Survey Range:32,Documents Available:1:Investment Analysis,2:Photos,3:Rent Rolls,I D X Participation Y N:1,Syndication Remarks:Introducing NoBe76, a prime investment opportunity in the heart of North Beach. This 3 property portfolio with 30-units is comprised of 300 76th St, 7636 Harding & 7635 Abbott. NoBe76 offers immense potential for value-add in a sought-after neighborhood two blocks from the beach & North Shore Park. The two buildings that front Harding Ave (22 units) have the ability to obtain short term rental licensing as part of the North Shore Historic District. NoBe76 features generous sized units with 10 Studios and 20 One Beds all currently under month-to-month leases paying well below-market rates. Owned by the same family for over 30 years, this portfolio boasts a strategic location making it attractive for investors looking to reposition and capitalize on North Beach?s continuous growth.,Financial Data Source:1:Owner Provided,2:Projected Pro-Forma,Listing Contract Date:2024-09-06,Originating System I D:miamire,Public Survey Section:2,Showing Instructions:Appointment Only,Call Listing Agent,Street Number Numeric:300,Tax Legal Description:2 53 42 ALTOS DEL MAR NO 3 PB 8-41 LOT 6 BLK 12 LOT SIZE 50.000 X 113 OR 16330-4473 0494 2 (3),Electric On Property Y N:1,Public Survey Township:32,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:NoBe76: 30-unit portfolio in North Beach. Value-add opportunity with below-market rents and short-term rental potential.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-09-06,Internet Address Display Y N:1,Number Of Units In Community:2,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,