1000 7th St ,Attached, Quadruplex, Ocean Beach Addn No 3 for Sale

1000 7th St for Sale

Price $4,750,000.00

• Lot size 7868
• Year Build 1951
• Waterfront
• Zip 33139
• Style Attached
• Parking Description
• Pool Yes
• Status Active

Description

ASSUMABLE SELLER FINANCING LOAN = $2,000,000 = ONLY 6.5% INTEREST ONLY = Term 3 Years. 1.5 Points at close. 10 UNITS (7 2BR & 3 1BR)= RARE opportunity to own a Luxury Completely Renovated Turn-Key Investors Dream Income Producing Goldmine! Mid-Century Modern meets Art Deco Masterpiece in this completely restored down to the studs 10 units, 2-story building, a large (7500 SFT) lot, most quiet, peaceful & safe street in all of S. Beach! Renovations include new AC, HWH, plumbing, electrical panels, roof, modern kitchens w/ quartz counters, SS appliances, breakfast bar. Cool, hip and chic decor throughout including hotel quality baths w/ celebrity lighting, engineered wood floors easy to clean and durable. Washer & dryer in all units. 4 PRIVATE PARKING SPOTS. BBQ patio to enjoy! 40-year done!

Please use Showingtime and I will confirm. Text Ricky for more info, 305-747-5117. Check attachments for rent roll, financials and Offering Memorandum.

OCEAN BEACH ADDN NO 3 PB 2-81 LOT 1 BLK 97 LOT SIZE 50.000 X 150 OR 16023-1241 0793 1 COC 26210-4069 01 2008 1

Less Than 1/4 Acre Lot

ASSUMABLE SELLER FINANCING LOAN = $2,000,000 = ONLY 6.5% INTEREST ONLY = Term 3 Years. 1.5 Points at close. 10 UNITS (7 2BR & 3 1BR)= RARE opportunity to own a Luxury Completely Renovated Turn-Key Investors Dream Income Producing Goldmine! Mid-Century Modern meets Art Deco Masterpiece in this completely restored down to the studs 10 units, 2-story building, a large (7500 SFT) lot, most quiet, peaceful & safe street in all of S. Beach! Renovations include new AC, HWH, plumbing, electrical panels, roof, modern kitchens w/ quartz counters, SS appliances, breakfast bar. Cool, hip and chic decor throughout including hotel quality baths w/ celebrity lighting, engineered wood floors easy to clean and durable. Washer & dryer in all units. 4 PRIVATE PARKING SPOTS. BBQ patio to enjoy! 40-year done!

City:Miami Beach,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2024,Flooring:1:Tile,Latitude:25.7768943,Cooling Y N:1,Heating Y N:1,List Price:4750000,Listing Id:A11703069,Longitude:-80.1387521,Mls Status:Active,Year Built:1951,Living Area:7868,Postal Code:33139,Street Name:7th St,Coordinates:1:25.7768943,Photos Count:39,Building Name:OCEAN BEACH ADDN NO 3,Days On Market:60,Listing Terms:1:Conventional,2:Exchange,3:Owner Will Carry,Lot Size Units:Square Feet,M I A M I R E_ Area:42,M L S Area Major:Ocean Beach Addn No 3,On Market Date:2024-12-13,Parcel Number:02-42-03-009-7640,Parking Total:4,Property Type:Residential Income,Rent Includes:1:Gardener,2:Trash Collection,3:Water,Stories Total:2,Street Number:1000,Waterfront Y N:1,M I A M I R E_ Style:Fourplex,Public Remarks:ASSUMABLE SELLER FINANCING LOAN = $2,000,000 = ONLY 6.5% INTEREST ONLY = Term 3 Years. 1.5 Points at close. 10 UNITS (7 2BR & 3 1BR)= RARE opportunity to own a Luxury Completely Renovated Turn-Key Investors Dream Income Producing Goldmine! Mid-Century Modern meets Art Deco Masterpiece in this completely restored down to the studs 10 units, 2-story building, a large (7500 SFT) lot, most quiet, peaceful & safe street in all of S. Beach! Renovations include new AC, HWH, plumbing, electrical panels, roof, modern kitchens w/ quartz counters, SS appliances, breakfast bar. Cool, hip and chic decor throughout including hotel quality baths w/ celebrity lighting, engineered wood floors easy to clean and durable. Washer & dryer in all units. 4 PRIVATE PARKING SPOTS. BBQ patio to enjoy! 40-year done!,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,List Office Name:Keller Williams Capital Realty,Private Remarks:Please use Showingtime and I will confirm. Text Ricky for more info, 305-747-5117. Check attachments for rent roll, financials and Offering Memorandum.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:5995,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:OCEAN BEACH ADDN NO 3,Tax Annual Amount:65770,Unparsed Address:1000 7th St, Miami Beach FL 33139,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:7868,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:603.7112,Original List Price:4975000,Previous List Price:4975000,Public Survey Range:42,Documents Available:1:Investment Analysis,2:Copy Of Lease(S),3:Rent Rolls,I D X Participation Y N:1,Number Of Units Total:10,Syndication Remarks:ASSUMABLE SELLER FINANCING LOAN = $2,000,000 = ONLY 6.5% INTEREST ONLY = Term 3 Years. 1.5 Points at close. 10 UNITS (7 2BR & 3 1BR)= RARE opportunity to own a Luxury Completely Renovated Turn-Key Investors Dream Income Producing Goldmine! Mid-Century Modern meets Art Deco Masterpiece in this completely restored down to the studs 10 units, 2-story building, a large (7500 SFT) lot, most quiet, peaceful & safe street in all of S. Beach! Renovations include new AC, HWH, plumbing, electrical panels, roof, modern kitchens w/ quartz counters, SS appliances, breakfast bar. Cool, hip and chic decor throughout including hotel quality baths w/ celebrity lighting, engineered wood floors easy to clean and durable. Washer & dryer in all units. 4 PRIVATE PARKING SPOTS. BBQ patio to enjoy! 40-year done!,Listing Contract Date:2024-12-13,Originating System I D:miamire,Public Survey Section:3,Showing Instructions:Appointment Only,See Broker Remarks,Showing Assist,Street Number Numeric:1000,Tax Legal Description:OCEAN BEACH ADDN NO 3 PB 2-81 LOT 1 BLK 97 LOT SIZE 50.000 X 150 OR 16023-1241 0793 1 COC 26210-4069 01 2008 1,Public Survey Township:42,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:6407,M I A M I R E_ Internet Remarks:9.6% CAP RATE WITH 70% SELLER FINANCING, 6% INTEREST ONLY FOR 5 YEARS! WITH OPTION FOR ANOTHER 5 YEARS! RARE opportunity Completely Renovated Cash Cow,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-12-13,Internet Address Display Y N:1,Number Of Units In Community:2,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:603.71,