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Income/MultiFamily - for Sale

PELICAN CV, MIAMI BEACH, FL 33139

Asking Price$2,475,000

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  • Lot size 7500sqft
  • Year Built 1936
  • Days on market:

    84 day(s)
  • Original Price:

    $2,475,000
  • Tax Legal Description:

    OCEAN BEACH ADD NO 3 PB 2-81 LOT 9 BLK 96 LOT SIZE 50.000 X 150
  • Property Type:

    Income/MultiFamily
  • Special Listing Conditions:

    Sale

Description

$2,475,000

Offered at a 6.2% proforma cap, the property is currently 100% occupied. 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. the property includes two parking spaces, it features a community laundry and it has 4 units that are considered suites with no kitchens, just refrigerators. the unit mix includes 10 studios, 2 1br/1ba and 1 2br/2ba. it has over $140,000 in combined capex between the current and previous owner.

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