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Income/MultiFamily - for Sale

BAY BR, MIAMI BEACH, FL 33139

Asking Price$2,950,000

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  • Lot size 7000sqft
  • Year Built 1946
  • Days on market:

    94 day(s)
  • Original Price:

    $2,950,000
  • Tax Legal Description:

    OCEAN BEACH ADD NO 3 PB 2-81 LOT 10 BLK 86 LOT SIZE 50.000 X 140 OR 13204-1766 0287 1
  • Property Type:

    Income/MultiFamily
  • Special Listing Conditions:

    Sale

Description

$2,950,000

Offered at a 6.6% proforma cap, the property is currently 75% occupied (3 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 1br/1ba. it has over $450,000 in combined capex between the current and previous owner. most capex has been focused in common area/exterior elements. there are also two fully-renovated units in the community.

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