$1,875,000 • living size area 3552 sqft
**call for offers that can close before end of year** $1.85m discounted price from seller- contingent on acceptable terms and end of year closing 4.84% cap w/upside + value-add (proforma +9% cap). price reduction to the nexus for price & seller capital gains- $1.875m. ************************* renovated 6-unit mf with 10-15% upside in existing rents (as is) & massive value add to unlock via multiple avenues: • strategy 1: add four (4) for units to existing footprint (total 10)- proforma $186k noi equating to $3.1m valuation at 6% cap • strategy 2: full site redevelopment/covered land play- 1.25 far allows 8,915 sf reference crexi listing for details and links in "directions" section of listing6955 RUE VENDOME, MIAMI BEACH, FL 33141
Multi Family - OCEANSIDE SEC ISLE OF NOR for Sale
6955 RUE VENDOME, MIAMI BEACH, FL 33141Asking Price$1,875,000 Change Price$175,000
- Living 3552sqft
- Taxes $15,654
- Year Built 1936
-
Days on market:
76 day(s) -
Adjusted Area:
3298 sqft Original Price:
$2,050,000-
Price per sqft:
$527.87 Tax Legal Description:
OCEAN SIDE SEC ISLE OF NORMANDY PB 25-60 LOT 28 BLK 5 LOT SIZE 56.600 X 126 OR 20170-1663 12 2001 4 COC 25489-1147 02 2007 4Tax Year:
2022-
MLS:
A11453884 -
Property Type:
Multi Family -
Style:
Fourplex
Construction Type:
Cbs ConstructionRoof:
Flat TileBarrel RoofCooling Description:
Central AirHeating Description:
CentralFloor Description:
Ceramic FloorLot Features:
Less Than 1/4 Acre LotType of Association:
None
Description
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