1150 8th St, Miami Beach FL 33139

For sale Days on market 0

OCEAN BEACH ADDN NO 3 [ Quadruplex ]

$2,820,000

$520/sq ft

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Overview

Year Built

1948

Sqft

5426

Property Type

Quadruplex

Property Description

Steps away from 500 Alton Project, 3 Acre Park Coming To Alton Road 4 Unit Multi-Family on Alton & 8th Street, on the same block as the New Baptist Health Center in Miami Beach. AAA Location - IDEAL for Owner Users, Developer or Investors. Flexible CD-2 Zoning allows for Medical Offices / Retails / Hotels / Short Term Rentals, and Other Commercial Uses. High Traffic Count Intersection & Close to Major Retailers. FAR 2.0 = Develop 15,000 sqft 5 story building. Total Monthly income: $15,100, move in 5.3% CAP Rate with potential upside on the rents! Tenants Pay all expense. the only thing landlord pays is monthly gardening fees, along with taxes and insurance annually! All Units come furnished with inventory list, they are all the exact same on the interior!

Property Details

MLS#

A11923435

Total Floor in Bldg

Building

OCEAN BEACH ADDN NO 3

Address

1150 8th St

City

Miami Beach

State/county

Zip/Postal Code

33139

Area

Ocean Beach Addn No 3

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$37,946

Maint Fee

$--

Tax Year

2025

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