2425 Flamingo Pl,Income Non-Waterfront, Apartments, Residential-Multi-Family

2425 Flamingo Pl, Miami Beach, Florida, 33140

Price $2,800,000.00

  • Lot size 8301
  • Year Build 1947
  • Waterfront
  • Zip 33140
  • Style
  • Parking Description On Street
  • Pool Yes
  • Status Active

Description

Multifamily Art-Deco gem built by Master Architect L. Murray Dixon, designer of Miami Beach's most iconic buildings including, The Raleigh, Tides and Victor Hotels. Located in one of Miami Beach's most desirable neighborhoods, this architectural beauty is a piece of Miami Beach History and incredible Investment. 12 Units comprised of 6 studios, 4 1 bedroom units and 2 1 bed/ 2 bath units. Fully occupied with long term tenants. The building was completely renovated in 2009 and features impact glass, in-unit washer/dryers and a zen-like courtyard. Incredible location walking distance to the beach, Lincoln Road, The Fillmore, Miami Beach Convention Center, schools and restaurants. Extremely attractively CAP rate above 5%. Rents have recently been increased. Financials Attached.

Call/text Eitan at 305-908-1717 or use Show Assist. Do not disturb tenants.

FLAMINGO TERR ADDN PB 34-68 LOT 4 BLK 2 LOT SIZE 90.000 X 92 OR 19136-4963 0500 4 COC 25335-3372 01 2007 1

City Location, Corner Lot

Multifamily Art-Deco gem built by Master Architect L. Murray Dixon, designer of Miami Beach's most iconic buildings including, The Raleigh, Tides and Victor Hotels. Located in one of Miami Beach's most desirable neighborhoods, this architectural beauty is a piece of Miami Beach History and incredible Investment. 12 Units comprised of 6 studios, 4 1 bedroom units and 2 1 bed/ 2 bath units. Fully occupied with long term tenants. The building was completely renovated in 2009 and features impact glass, in-unit washer/dryers and a zen-like courtyard. Incredible location walking distance to the beach, Lincoln Road, The Fillmore, Miami Beach Convention Center, schools and restaurants. Extremely attractively CAP rate above 5%. Rents have recently been increased. Financials Attached.

City:Miami Beach,Zoning:3900,List A O R:A-Miami Association of REALTORS,Tax Year:2019,Latitude:25.8012076,Malone Id:1001883221,Cooling Y N:1,Heating Y N:1,List Price:2800000,Listing Id:A10916888,Longitude:-80.128792,Mls Status:Active,Year Built:1947,Inclusions:Building & Land,Fixtures,Postal Code:33140,Street Name:Flamingo Pl,Coordinates:1:25.8012076,Gross Income:202200,Lot Features:1:Corner Lot,Photos Count:44,Business Type:1:Residential-Multi-Family,Days On Market:228,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,On Market Date:2020-08-28,Other Expense:1050,Parcel Number:02-32-27-011-0090,Property Type:Commercial Sale,Stories Total:2,Street Number:2425,Trash Expense:507,Open Parking Y N:1,Public Remarks:Multifamily Art-Deco gem built by Master Architect L. Murray Dixon, designer of Miami Beach's most iconic buildings including, The Raleigh, Tides and Victor Hotels. Located in one of Miami Beach's most desirable neighborhoods, this architectural beauty is a piece of Miami Beach History and incredible Investment. 12 Units comprised of 6 studios, 4 1 bedroom units and 2 1 bed/ 2 bath units. Fully occupied with long term tenants. The building was completely renovated in 2009 and features impact glass, in-unit washer/dryers and a zen-like courtyard. Incredible location walking distance to the beach, Lincoln Road, The Fillmore, Miami Beach Convention Center, schools and restaurants. Extremely attractively CAP rate above 5%. Rents have recently been increased. Financials Attached.,County Or Parish:Miami-Dade County,Expiration Date:2021-08-28,Manager Expense:500,Private Remarks:Call/text Eitan at 305-908-1717 or use Show Assist. Do not disturb tenants.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4370,State Or Province:FL,Tax Annual Amount:30304,Unparsed Address:2425 Flamingo Pl, Miami Beach FL 33140,Listing Agreement:Exclusive Right To Sell,Operating Expense:75804,Security Features:1:Security Fence,Year Built Details:Resale,Building Area Total:8301,Building Area Units:Square Feet,Lot Size Square Feet:8280,Number Of Buildings:1,Original List Price:2800000,Public Survey Range:32,I D X Participation Y N:1,Net Operating Income:126396,Syndication Remarks:Multifamily Art-Deco gem built by Master Architect L. Murray Dixon, designer of Miami Beach's most iconic buildings including, The Raleigh, Tides and Victor Hotels. Located in one of Miami Beach's most desirable neighborhoods, this architectural beauty is a piece of Miami Beach History and incredible Investment. 12 Units comprised of 6 studios, 4 1 bedroom units and 2 1 bed/ 2 bath units. Fully occupied with long term tenants. The building was completely renovated in 2009 and features impact glass, in-unit washer/dryers and a zen-like courtyard. Incredible location walking distance to the beach, Lincoln Road, The Fillmore, Miami Beach Convention Center, schools and restaurants. Extremely attractively CAP rate above 5%. Rents have recently been increased. Financials Attached.,Financial Data Source:1:Other Source Of Expenses,2:Owner Provided,Listing Contract Date:2020-08-28,Originating System I D:miamire,Public Survey Section:27,Showing Instructions:Appointment Only,Call Listing Agent,Showing Assist,Street Number Numeric:2425,Tax Legal Description:FLAMINGO TERR ADDN PB 34-68 LOT 4 BLK 2 LOT SIZE 90.000 X 92 OR 19136-4963 0500 4 COC 25335-3372 01 2007 1,Public Survey Township:32,Construction Materials:1:CBS Construction,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.5%,Contract Status Change Date:2020-08-28,Internet Address Display Y N:1,Number Of Units In Community:12,Transaction Broker Compensation:2.5%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,

  • Price $2,800,000.00
  • Price Change: 2020-08-25
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1947
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction Concrete Block Construction, CBS Construction
  • Parking Description On Street
  • Flooring Type Wood
  • Property Type Commercial Sale
  • Status Active
  • Listed 2020-08-25
  • Days on Market 249
  • Furnished
  • City Miami Beach
  • Zip 33140
  • State Florida
  • Subdivision
  • Development Name
  • HOA Fees
  • Taxes 30304
  • Taxes Year 2019