, for Sale

for Sale

Price $2,730,000.00

• Lot size 7700
• Year Build 1947
• Waterfront
• Zip 33139
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Offered at a 6.4% Proforma Cap, the property is currently 92% 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 has 8 studios and 4 1BR units. It has over $300,000 in combined CapEx between the current and previous owner. Most CapEx has been focused in common area/exterior elements. The property also features common area laundry.

OCEAN BEACH ADDN NO 3 PB 2-81 LOT 2 BLK 70 LOT SIZE 50.000 X 140 OR 19229-3702 0800 1

Offered at a 6.4% Proforma Cap, the property is currently 92% 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 has 8 studios and 4 1BR units. It has over $300,000 in combined CapEx between the current and previous owner. Most CapEx has been focused in common area/exterior elements. The property also features common area laundry.

City:Miami Beach,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:25.7803374,List Price:2730000,Listing Id:A11822968,Longitude:-80.1365858,Mls Status:Active,Year Built:1947,Postal Code:33139,Coordinates:1:25.7803374,Photos Count:10,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:02-42-03-009-4350,Property Type:Commercial Sale,Stories Total:2,Public Remarks:Offered at a 6.4% Proforma Cap, the property is currently 92% 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 has 8 studios and 4 1BR units. It has over $300,000 in combined CapEx between the current and previous owner. Most CapEx has been focused in common area/exterior elements. The property also features common area laundry.,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 Plus4:8434,Property Sub Type:Income/MultiFamily,State Or Province:FL,Listing Agreement:Exclusive Agency,Building Area Total:7700,Building Area Units:Square Feet,Lot Size Square Feet:7000,Number Of Buildings:1,Original List Price:2730000,Public Survey Range:42,I D X Participation Y N:1,Syndication Remarks:Offered at a 6.4% Proforma Cap, the property is currently 92% 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 has 8 studios and 4 1BR units. It has over $300,000 in combined CapEx between the current and previous owner. Most CapEx has been focused in common area/exterior elements. The property also features common area laundry.,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 2 BLK 70 LOT SIZE 50.000 X 140 OR 19229-3702 0800 1,Public Survey Township:42,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:- There are 1 fully renovated & 7 partial renovated units - Property includes community laundry - $300k+ in CapEx between current & previous owner,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,Internet Entire Listing Display Y N:1,