, for Sale

for Sale

Price $2,210,000.00

• Lot size 7000
• Year Build 1948
• Waterfront
• Zip 33139
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Offered at a 6.8% Proforma Cap, the property is currently 88% occupied (1 vacancy). 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 5 1BR/1BA and 3 2BR/1BA. It has over $250,000 in combined CapEx between the current and previous owner. The property features a community laundry and 10 parking spaces (6 single and 4 tandem).

OCEAN BEACH ADDN NO 3 PB 2-81 LOT 15 BLK 70 LOT SIZE 50.000 X 140 OR 12400-2712 0185 1

Offered at a 6.8% Proforma Cap, the property is currently 88% occupied (1 vacancy). 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 5 1BR/1BA and 3 2BR/1BA. It has over $250,000 in combined CapEx between the current and previous owner. The property features a community laundry and 10 parking spaces (6 single and 4 tandem).

City:Miami Beach,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:25.7803497,List Price:2210000,Listing Id:A11823167,Longitude:-80.1370529,Mls Status:Active,Year Built:1948,Postal Code:33139,Coordinates:1:25.7803497,Photos Count:15,Business Type:1:Residential-Multi-Family,Days On Market:1,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:02-42-03-009-4470,Parking Total:10,Property Type:Commercial Sale,Stories Total:2,Public Remarks:Offered at a 6.8% Proforma Cap, the property is currently 88% occupied (1 vacancy). 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 5 1BR/1BA and 3 2BR/1BA. It has over $250,000 in combined CapEx between the current and previous owner. The property features a community laundry and 10 parking spaces (6 single and 4 tandem).,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 Plus4:8470,Property Sub Type:Income/MultiFamily,State Or Province:FL,Listing Agreement:Exclusive Agency,Building Area Total:5512,Building Area Units:Square Feet,Lot Size Square Feet:7000,Number Of Buildings:1,Original List Price:2210000,Public Survey Range:42,I D X Participation Y N:1,Syndication Remarks:Offered at a 6.8% Proforma Cap, the property is currently 88% occupied (1 vacancy). 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 5 1BR/1BA and 3 2BR/1BA. It has over $250,000 in combined CapEx between the current and previous owner. The property features a community laundry and 10 parking spaces (6 single and 4 tandem).,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 15 BLK 70 LOT SIZE 50.000 X 140 OR 12400-2712 0185 1,Public Survey Township:42,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:- Property includes community laundry - $250k+ in CapEx between current and previous owner - Property features 6 single and 4 tandem parking spaces,Contract Status Change Date:2025-06-16,Number Of Units In Community:8,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,