florida commercial investments for sale
Miami Commercial and Residential income Properties
Call us today:
+1-786-972-2037
+1-786-597-2331
For More Information: English and Español
Melissa Gonzalez Consuelo Campos
CASA MIAMI REALTY
3440 HOLLYWOOD BLVD ST415
HOLLYWOOD FL33021


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South Beach Miami Multifamily for Sale 14
 
Code: 5458A17
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South Beach Miami Multifamily for Sale
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City: Miami Beach
Retail Type:
Price: $ 2,750,000
Cap. Rate:
Tenancy:
Retail Sq.Ft.: 6,722
Lot. Area Sq. Ft.:
Parking: 0
Year: 1957
         
         
         
         
         
         
         
  This is an Income/Investment property located in the heart of South Beach, 16 units all studios with a separate kitchen and walking closet, just steps away from Flamingo Park, the beach and Shopping area at Lincoln Rd and Washington av. The property has a lot size of 7,000 sqft and Nearby schools include South Pointe Elementary School, Miami Beach Adult & Community Ed Center School. There are only 9 unit rented and the rest are either under remodeling or used as storage rooms also rents on this property are below market averaging $ 750.00 per unit comparing to $ 1300 at market price, causing the cap rate to drop drastically. . Currently, there are nine out of sixteen units rented at 40% below market rent due to needed renovations. Great investment opportunity and great location!!!  
         
         
Data provided is deemed reliable but not guaranteed. Casa Miami Realty is not responsable for the accuracy of the information listed above. The date relating to real estate for sale, rent or sold on this web site comes from the Internet Data Exchange Program, and is provided here for consumers personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchising.

 

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Contact us today +1-786-972-2037
or Message us on WhatsApp +1-786-597-2331

For More Information: English and Español
Melissa Gonzalez Consuelo Campos
CASA MIAMI REALTY
3440 HOLLYWOOD BLVD ST415
HOLLYWOOD FL33021

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