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Multi Family - OCEAN BEACH ADDN NO 3 for Sale

1000 7TH ST, MIAMI BEACH, FL 33139

Asking Price$4,700,000 Change Price$100,000

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  • Living 7868sqft
  • Taxes $31,002
  • Year Built 1951
  • Days on market:

    62 day(s)
  • Adjusted Area:

    6407 sqft
  • Original Price:

    $4,975,000
  • Price per sqft:

    $597.36
  • Tax Legal Description:

    OCEAN BEACH ADDN NO 3 PB 2-81 LOT 1 BLK 97 LOT SIZE 50.000 X 150 OR 16023-1241 0793 1 COC 26210-4069 01 2008 1
  • Tax Year:

    2022
  • Property Type:

    Multi Family
  • Style:

    Fourplex
  • Waterfront:

    Yes
  • Construction Type:

    Cbs Construction
  • Roof:

    Flat Roof With Facade Front
  • Cooling Description:

    Central Air
  • Heating Description:

    Central
  • Floor Description:

    TileMarble
  • Interior Features:

    Stairs
  • Exterior Features:

    BarbequeBuilt-In GrillOpen Balcony
  • Lot Features:

    Less Than 1/4 Acre Lot
  • Type of Association:

    None

Description

$4,700,000 • living size area 7868 sqft • waterfront access

9.6% cap rate with 70% seller financing, 6% interest only for 5 years! with option for another 5 years! 10 units (7 2br & 3 1br)= rare opportunity to own a luxury completely renovated turn-key investors dream income producing goldmine! mid-century modern meets art deco masterpiece in this completely restored down to the studs 10 units, 2-story building, a large (7500 sft) lot, the most quiet, peaceful & safe street in all of s. beach! renovations include new ac, hwh, plumbing, electrical panels, roof, modern kitchens with quartz counters, ss appliances, breakfast bar. cool, hip and chic decor throughout incl hotel quality baths with celebrity lighting, engineered wood floors easy to clean and durable. washer & dryer in all units. 4 private parking spots. bbq patio to enjoy! 40-year done!
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