, for Sale

for Sale

Price $3,400,000.00

• Lot size 7196
• Year Build 1962
• Waterfront
• Zip 33139
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Offered at a 5.9% Proforma Cap, the property is currently 93% occupied. The property is part of a 10-property portfolio all located in South Beach. It can be purchased individually or as part of the portfolio. The property includes four parking spaces. The unit mix inlcudes 7 studios and 7 1BR/1BA. It has over $120,000 in combined CapEx between the current and previous owner. The exterior was fully painted in 2024 ($27k).

OCEAN BEACH ADDN NO 3 PB 2-81 LOT 7 BLK 72 LOT SIZE 50.000 X 140

Offered at a 5.9% Proforma Cap, the property is currently 93% occupied. The property is part of a 10-property portfolio all located in South Beach. It can be purchased individually or as part of the portfolio. The property includes four parking spaces. The unit mix inlcudes 7 studios and 7 1BR/1BA. It has over $120,000 in combined CapEx between the current and previous owner. The exterior was fully painted in 2024 ($27k).

City:Miami Beach,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:25.777327,List Price:3400000,Listing Id:A11822750,Longitude:-80.136447,Mls Status:Active,Year Built:1962,Postal Code:33139,Coordinates:1:25.777327,Photos Count:8,Business Type:1:Residential-Multi-Family,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:42,On Market Date:2025-06-16,Parcel Number:02-42-03-009-4670,Parking Total:4,Property Type:Commercial Sale,Stories Total:2,Public Remarks:Offered at a 5.9% Proforma Cap, the property is currently 93% occupied. The property is part of a 10-property portfolio all located in South Beach. It can be purchased individually or as part of the portfolio. The property includes four parking spaces. The unit mix inlcudes 7 studios and 7 1BR/1BA. It has over $120,000 in combined CapEx between the current and previous owner. The exterior was fully painted in 2024 ($27k).,County Or Parish:Miami-Dade County,List Office Name:CBRE, Inc.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:6197,Property Sub Type:Income/MultiFamily,State Or Province:FL,Listing Agreement:Exclusive Agency,Building Area Total:7196,Building Area Units:Square Feet,Lot Size Square Feet:7000,Number Of Buildings:1,Original List Price:3400000,Public Survey Range:42,I D X Participation Y N:1,Syndication Remarks:Offered at a 5.9% Proforma Cap, the property is currently 93% occupied. The property is part of a 10-property portfolio all located in South Beach. It can be purchased individually or as part of the portfolio. The property includes four parking spaces. The unit mix inlcudes 7 studios and 7 1BR/1BA. It has over $120,000 in combined CapEx between the current and previous owner. The exterior was fully painted in 2024 ($27k).,Listing Contract Date:2025-06-16,Originating System I D:miamire,Public Survey Section:3,Tax Legal Description:OCEAN BEACH ADDN NO 3 PB 2-81 LOT 7 BLK 72 LOT SIZE 50.000 X 140,Public Survey Township:42,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:- 9 fully renovated units - 4 parking spaces - $120,000+ in combined CapEx between current & previous ownership - Exterior fully painted in 2024,Contract Status Change Date:2025-06-16,Number Of Units In Community:14,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,