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- MLS#A10660266
- TypeLand
- CountyMIAMI-DADE
- CityMiami Beach
- Area32
- NeighborhoodOcean Beach Addn No 3
- Zip33139
- StyleMulti-Family
- Taxes35707
- Price$ 2,500,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size7920 Acres
Listing Provided Courtesy Of:
The Keyes Company
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Property Description
Art Deco District central location - RE1 zoning - two floors building - 16 studios Building 7,000 sq. ft. MULTIFAMILY BEFORE RENOVATION GI $ 175,860 - NOI $ 59,786 avg lease 915 $ CAP RATE 2.14% AFTER RENOVATION GI $ 259,200 - NOI $ 143,306 avg lease 1,350$ CAP RATE 5.12% AFTER OBTAINING SHORT TERM LICENSE CAP RATE 9.63%
Price History | |
---|---|
4/26/2019 | Listed $2,800,000 |
10/30/2019 | 11% - $2,500,000 |
General Features
Current Use | Multi-Family |
MLS Area | 32 |
Property Type | Land |
Subdivision Name | OCEAN BEACH ADDN NO 3 |
Terms | Cash, Conventional |
Zoning Description | 3900 |
Interior Features
Utilities | Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available |
Exterior Features
Lot Features | <1 Acre |
Lot Size Acres | 7920 |
Lot Size Square Feet | 7000 |
Roadresponsibility | Public Maintained Road |
Sewer | Public Sewer |
Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool