751 Euclid Ave,Commercial/Residential Income, Residential-Multi-Family

751 Euclid Ave, Miami Beach, Florida, 33139

Price $1,990,000.00

  • Lot size 7000
  • Year Build 1935
  • Waterfront
  • Zip 33139
  • Style
  • Parking Description
  • Pool Yes
  • Status Active

Description

Miami Beach, Florida 13 potential units! Existing 2-story 8-unit multi family apartment building & value add opportunity to build 5 more units in the back yard for a total potential 13 units. The Agapi Apartments represent a unique opportunity to develop more income producing rentals with ease of access from both Euclid Ave and the back alley. Located blocks to the beaches & Ocean on Euclid Ave. Unit mix of 4 - One-bed & 4 - Studios valued at $200,000 per door & the 5 potential units to be developed valued at $66,667/door land-cost combined = potential value of $1.934 mm +/-. Zoning & Development analysis by "Studio X" architects. Please see the attached Offering Memorandum ("OM") & Comps for details. Potential Seller-Financing with 50% + down.

Rent roll upon request. Property sold based upon the development potential to 13 units and not based upon current income of the 8 units alone. Short term rentals not allowed. Showings only with accepted offer, escrow received and during inspections. Do not enter the building without the listing agent, discuss sale with tenants, nor enter the grounds of the property under any circumstances.

OCEAN BEACH ADDN NO 3 PB 2-81 LOT 15 BLK 46 LOT SIZE 50.000 X 140 OR 20130-1663 12 2001 4

City Location

Miami Beach, Florida 13 potential units! Existing 2-story 8-unit multi family apartment building & value add opportunity to build 5 more units in the back yard for a total potential 13 units. The Agapi Apartments represent a unique opportunity to develop more income producing rentals with ease of access from both Euclid Ave and the back alley. Located blocks to the beaches & Ocean on Euclid Ave. Unit mix of 4 - One-bed & 4 - Studios valued at $200,000 per door & the 5 potential units to be developed valued at $66,667/door land-cost combined = potential value of $1.934 mm +/-. Zoning & Development analysis by "Studio X" architects. Please see the attached Offering Memorandum ("OM") & Comps for details. Potential Seller-Financing with 50% + down.

City:Miami Beach,Zoning:3900,List A O R:A-Miami Association of REALTORS,Tax Year:2019,Latitude:25.7780588,Malone Id:1001681960,Cooling Y N:1,Heating Y N:1,List Price:1990000,Listing Id:A10913162,Longitude:-80.1347677,Mls Status:Active,Ownership:Self Proprietor/Individual,Year Built:1935,Directions:Showings provided by video tours of a sampling of units. Access provided with an accepted offer, deposit in escrow, and during inspections. Do not disturb the tenants and do not enter the property with permission or without accompanied by listing agent.,Inclusions:Building & Land,Postal Code:33139,Street Name:Euclid Ave,Coordinates:1:25.7780588,Photos Count:1,Supplements:1:Order:2,Mime Type:application/pdf,Class Name:Residential,Resource Name:Property,Media Category:PDF,Media Object I D:349541601_2,Short Description:CMA of Closed Miami Beach Multi Family,2:Order:3,Mime Type:application/pdf,Class Name:Residential,Resource Name:Property,Media Category:PDF,Media Object I D:349541601_3,Short Description:Property Card,3:Order:4,Mime Type:application/pdf,Class Name:Residential,Resource Name:Property,Media Category:PDF,Media Object I D:349541601_4,Short Description:Survey,Building Name:Agapi Apartments,Business Type:1:Residential-Multi-Family,Days On Market:175,Listing Terms:1:Conventional/Refinance,Lot Size Acres:0.16,Lot Size Units:Square Feet,On Market Date:2020-08-24,Parcel Number:02-42-03-009-1660,Parking Total:5,Property Type:Commercial Sale,Stories Total:2,Street Number:751,Public Remarks:Miami Beach, Florida 13 potential units! Existing 2-story 8-unit multi family apartment building & value add opportunity to build 5 more units in the back yard for a total potential 13 units. The Agapi Apartments represent a unique opportunity to develop more income producing rentals with ease of access from both Euclid Ave and the back alley. Located blocks to the beaches & Ocean on Euclid Ave. Unit mix of 4 - One-bed & 4 - Studios valued at $200,000 per door & the 5 potential units to be developed valued at $66,667/door land-cost combined = potential value of $1.934 mm +/-. Zoning & Development analysis by "Studio X" architects. Please see the attached Offering Memorandum ("OM") & Comps for details. Potential Seller-Financing with 50% + down.,County Or Parish:Miami-Dade County,Expiration Date:2021-02-28,Private Remarks:Rent roll upon request. Property sold based upon the development potential to 13 units and not based upon current income of the 8 units alone. Short term rentals not allowed. Showings only with accepted offer, escrow received and during inspections. Do not enter the building without the listing agent, discuss sale with tenants, nor enter the grounds of the property under any circumstances.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:6228,State Or Province:FL,Tax Annual Amount:29546,Unparsed Address:751 Euclid Ave, Miami Beach FL 33139,Listing Agreement:Exclusive Right To Sell,Security Features:1:Security Fence,Year Built Details:Resale,Building Area Total:4125,Building Area Units:Square Feet,Lot Size Square Feet:7000,Number Of Buildings:1,Original List Price:1990000,Public Survey Range:42,I D X Participation Y N:1,Syndication Remarks:Miami Beach, Florida 13 potential units! Existing 2-story 8-unit multi family apartment building & value add opportunity to build 5 more units in the back yard for a total potential 13 units. The Agapi Apartments represent a unique opportunity to develop more income producing rentals with ease of access from both Euclid Ave and the back alley. Located blocks to the beaches & Ocean on Euclid Ave. Unit mix of 4 - One-bed & 4 - Studios valued at $200,000 per door & the 5 potential units to be developed valued at $66,667/door land-cost combined = potential value of $1.934 mm +/-. Zoning & Development analysis by "Studio X" architects. Please see the attached Offering Memorandum ("OM") & Comps for details. Potential Seller-Financing with 50% + down.,Listing Contract Date:2020-08-24,Originating System I D:miamire,Public Survey Section:3,Showing Instructions:Appointment Only,Call Listing Agent,See Broker Remarks,Street Number Numeric:751,Tax Legal Description:OCEAN BEACH ADDN NO 3 PB 2-81 LOT 15 BLK 46 LOT SIZE 50.000 X 140 OR 20130-1663 12 2001 4,Public Survey Township:42,Originating System Name:Miami Association of REALTORS?,Contract Status Change Date:2020-08-24,Internet Address Display Y N:1,Number Of Units In Community:2,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,

  • Price $1,990,000.00
  • Price Change: 2020-08-20
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1935
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction Concrete Block Construction
  • Parking Description
  • Flooring Type Wood
  • Property Type Commercial Sale
  • Status Active
  • Listed 2020-08-20
  • Days on Market 195
  • Furnished
  • City Miami Beach
  • Zip 33139
  • State Florida
  • Subdivision
  • Development Name Agapi Apartments
  • HOA Fees
  • Taxes 29546
  • Taxes Year 2019