, for Sale

for Sale

Price $3,220,000.00

• Lot size 7160
• Year Build 1941
• Waterfront
• Zip 33139
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Offered at a 6.6% Proforma Cap, the property is currently 88% occupied (1 vacancies). 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. All units in the property are Studios . It has over $510,000 in combined CapEx between the current and previous owner. The property features community laundry. There are three fully renovated units. Also, building interiors and exteriors were last painted in 2022.

OCEAN BEACH ADD NO 3 PB 2-81 LOT 12 BLK 62 LOT SIZE 50.000 X 140 OR 15918-0618 16063-4417 0593 1

Offered at a 6.6% Proforma Cap, the property is currently 88% occupied (1 vacancies). 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. All units in the property are Studios . It has over $510,000 in combined CapEx between the current and previous owner. The property features community laundry. There are three fully renovated units. Also, building interiors and exteriors were last painted in 2022.

City:Miami Beach,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:25.7811967,List Price:3220000,Listing Id:A11823195,Longitude:-80.1359231,Mls Status:Active,Year Built:1941,Postal Code:33139,Coordinates:1:25.7811967,Photos Count:8,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:02-42-03-009-3830,Property Type:Commercial Sale,Stories Total:2,Public Remarks:Offered at a 6.6% Proforma Cap, the property is currently 88% occupied (1 vacancies). 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. All units in the property are Studios . It has over $510,000 in combined CapEx between the current and previous owner. The property features community laundry. There are three fully renovated units. Also, building interiors and exteriors were last painted in 2022.,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 Plus4:8334,Property Sub Type:Income/MultiFamily,State Or Province:FL,Listing Agreement:Exclusive Agency,Building Area Total:7160,Building Area Units:Square Feet,Lot Size Square Feet:7000,Number Of Buildings:1,Original List Price:3220000,Public Survey Range:42,I D X Participation Y N:1,Syndication Remarks:Offered at a 6.6% Proforma Cap, the property is currently 88% occupied (1 vacancies). 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. All units in the property are Studios . It has over $510,000 in combined CapEx between the current and previous owner. The property features community laundry. There are three fully renovated units. Also, building interiors and exteriors were last painted in 2022.,Listing Contract Date:2025-06-16,Originating System I D:miamire,Public Survey Section:3,Tax Legal Description:OCEAN BEACH ADD NO 3 PB 2-81 LOT 12 BLK 62 LOT SIZE 50.000 X 140 OR 15918-0618 16063-4417 0593 1,Public Survey Township:42,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:- All Units are Studios - Property includes community laundry - Has over $510,000 in combined CapEx between current and previous owner,Contract Status Change Date:2025-06-16,Number Of Units In Community:16,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,