1000 99th St - Apartments FOR SALE


Bay Harbor Islands, FL 33154
$6,750,000 USD
305-918-2627
1000 99th St, Bay Harbor Islands, FL for Sale
$6,750,000 USD
Apartments - FOR SALE
1/17
null | 4.09% Cap Rate

1000 99th St
Bay Harbor Islands, FL 33154


HIGHLIGHTS

  • 100% occupancy, showcasing its desirability and income-generating potential.
  • Strong rental history and contemporary finishings

OVERVIEW

Introducing a prime investment opportunity in the Miami market, this impeccably maintained luxury condo portfolio boasts a total of 10,071 square feet within 4 units. Built in 2020 and zoned RM-2, this modern property offers a lucrative 100% occupancy, showcasing its desirability and income-generating potential. This turnkey investment is a testament to quality construction and thoughtful design. With its strong rental history and contemporary finishings, this property presents a compelling opportunity for investors seeking a stable and thriving asset in the heart of Miami's real estate market. Unit Features: -spacious floor plans ranging from 2,274 to 2,950 square feet -3 or 5-bedroom residences with guest suites -10-feet ceilings -private elevators in each residence -partially covered rooftop terraces with air conditioning -private patios -exclusive interior design by Schapiro Associates -floor-to-ceiling windows -beautiful landscape design -contemporary architecture - smart home technology ready -gated private community -Bosch appliances -European custom cabinetry -2 assigned parking spaces per unit -pet friendly

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$670 USD /SF

# OF UNITS

4

PRICE/UNIT

$1,687,500

CAP RATE

4.09%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palm Villas 4 out 14 Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2020

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

RM-2

APN/PARCEL ID

13-2227-001-1851,13-2227-001-1855,13-2227-001-1856,13-2227-001-1866

ASK ABOUT THIS PROPERTY

Mariano SaalTIR Prime RealtyMore Info
305-918-2627

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Mariano SaalTIR Prime RealtyMore Info
305-918-2627

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.