, for Sale

for Sale

Price $4,600,000.00

• Lot size 11900
• Year Build 1925
• Waterfront
• Zip 33139
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Offered at a 6.5% Proforma Cap, the property is currently 100% 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 15 Studios, 3 2BR/1BA and 2 2BR/2BA. It has over $930,000 in combined CapEx between the current and previous owner. Building interior & exterior was painted in 2024 ($58k). The property features community laundry. It has 6 fully renovated units.

3-4 54 42 34 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 LOT 11 & N1/2 LOT 10 BLK 69 LOT SIZE 75.000 X 140 OR 21291-4404 05 2003 1

Offered at a 6.5% Proforma Cap, the property is currently 100% 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 15 Studios, 3 2BR/1BA and 2 2BR/2BA. It has over $930,000 in combined CapEx between the current and previous owner. Building interior & exterior was painted in 2024 ($58k). The property features community laundry. It has 6 fully renovated units.

City:Miami Beach,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:3,Latitude:25.7810129,List Price:4600000,Listing Id:A11823186,Longitude:-80.1370455,Mls Status:Active,Year Built:1925,Postal Code:33139,Coordinates:1:25.7810129,Photos Count:9,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:02-42-03-009-4310,Property Type:Commercial Sale,Stories Total:3,Public Remarks:Offered at a 6.5% Proforma Cap, the property is currently 100% 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 15 Studios, 3 2BR/1BA and 2 2BR/2BA. It has over $930,000 in combined CapEx between the current and previous owner. Building interior & exterior was painted in 2024 ($58k). The property features community laundry. It has 6 fully renovated units.,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 Plus4:4838,Property Sub Type:Income/MultiFamily,State Or Province:FL,Listing Agreement:Exclusive Agency,Building Area Total:11900,Building Area Units:Square Feet,Lot Size Square Feet:10500,Number Of Buildings:1,Original List Price:4600000,Public Survey Range:42,I D X Participation Y N:1,Syndication Remarks:Offered at a 6.5% Proforma Cap, the property is currently 100% 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 15 Studios, 3 2BR/1BA and 2 2BR/2BA. It has over $930,000 in combined CapEx between the current and previous owner. Building interior & exterior was painted in 2024 ($58k). The property features community laundry. It has 6 fully renovated units.,Listing Contract Date:2025-06-16,Originating System I D:miamire,Public Survey Section:3,Tax Legal Description:3-4 54 42 34 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 LOT 11 & N1/2 LOT 10 BLK 69 LOT SIZE 75.000 X 140 OR 21291-4404 05 2003 1,Public Survey Township:42,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:- 6 fully renovated units - Includes community laundry - $930k+ in CapEx between current and previous owner - Interior & exterior painted in 2024,Contract Status Change Date:2025-06-16,Number Of Units In Community:20,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,