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Income/MultiFamily - for Sale

1115 EUCLID AVE, MIAMI BEACH, FL 33139

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Asking Price$4,800,000

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Lot size 7000sqft
Taxes $46,785
Year Built 1950

Basics

Days on market:
179 day(s)
Original Price:
$4,800,000
Tax Legal Description:
OCEAN BEACH ADDN NO 3 PB 2-81 LOT 8 BLK 42 LOT SIZE 50.000 X 140
MLS:
A11330197
Property Type:
Income/MultiFamily

Features

Cooling Description:
Wall/Window Unit(s)
Special Listing Conditions:
Sale

Description

$4,800,000

Multifamily mostly remodelled 16 big studios avg rent 2,000 $/month per unit the keyes co. is pleased to offer for sale harbor luxury apts a 16-unit building on 11th street & euclid av. in the heart of miami beach art deco`district. bldg has been recently renovated. 16 big studios of apx 450 sf each 12 modernly renovated. each unit has impact windows tile floors updated appliances renovated bathrooms individual wall a/c. 1 unit is fully furnished the bldg is smack in miami beach tourist and night life area walking dist from ocean and lincoln. present cap is at 5+% with 85% lt occupancy numbers will improve as the remaining units are rented and will bring cap rate around 8+% excellent investment for long term rentals or tourist receptivity.

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