, for Sale & Rent

for Sale & Rent

Price $2,950,000.00

• Lot size 7920
• Year Build 1946
• Waterfront
• Zip 33139
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Offered at a 6.6% Proforma Cap, the property is currently 75% occupied (3 vacancies). 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. All units in the property are 1BR/1BA. It has over $450,000 in combined CapEx between the current and previous owner. Most CapEx has been focused in common area/exterior elements. There are also two fully-renovated units in the community.

OCEAN BEACH ADD NO 3 PB 2-81 LOT 10 BLK 86 LOT SIZE 50.000 X 140 OR 13204-1766 0287 1

Offered at a 6.6% Proforma Cap, the property is currently 75% occupied (3 vacancies). 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. All units in the property are 1BR/1BA. It has over $450,000 in combined CapEx between the current and previous owner. Most CapEx has been focused in common area/exterior elements. There are also two fully-renovated units in the community.

City:Miami Beach,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:25.7772752,List Price:2950000,Listing Id:A11822861,Longitude:-80.138039,Mls Status:Active,Year Built:1946,Postal Code:33139,Coordinates:1:25.7772752,Photos Count:9,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:02-42-03-009-6520,Property Type:Commercial Sale,Stories Total:2,Public Remarks:Offered at a 6.6% Proforma Cap, the property is currently 75% occupied (3 vacancies). 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. All units in the property are 1BR/1BA. It has over $450,000 in combined CapEx between the current and previous owner. Most CapEx has been focused in common area/exterior elements. There are also two fully-renovated units in the community.,County Or Parish:Miami-Dade County,Expiration Date:2025-11-20,List Office Name:CBRE, Inc.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:6055,Property Sub Type:Income/MultiFamily,State Or Province:FL,Listing Agreement:Exclusive Agency,Building Area Total:7920,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:7000,M I A M I R E_ Flood Zone:AE,Number Of Buildings:1,Original List Price:2950000,Public Survey Range:42,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks:Offered at a 6.6% Proforma Cap, the property is currently 75% occupied (3 vacancies). 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. All units in the property are 1BR/1BA. It has over $450,000 in combined CapEx between the current and previous owner. Most CapEx has been focused in common area/exterior elements. There are also two fully-renovated units in the community.,Listing Contract Date:2025-06-16,Originating System I D:miamire,Public Survey Section:3,Tax Legal Description:OCEAN BEACH ADD NO 3 PB 2-81 LOT 10 BLK 86 LOT SIZE 50.000 X 140 OR 13204-1766 0287 1,M I A M I R E_ Current Price:2950000,Public Survey Township:42,M I A M I R E_ Municipal Code:2,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:- All Units are 1BR/1BA - Proforma Cap Rate at 6.6% - Currently 75% Occupied (3 vacacies) - $450k+ in CapEx between current and previous ownership.,M I A M I R E_ Parcel Number M L X:6520,M I A M I R E_ Street View Param:1$25.777262$-80.138085$47.96$13.33$1.00$m4ck8F2cfAQl6CpX6Il9kw,Contract Status Change Date:2025-06-16,Number Of Units In Community:12,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:9,M I A M I R E_ Agent Alternate Phone:352-278-7572,Internet Entire Listing Display Y N:1,