$3,500,000 USD
305-898-7224
OVERVIEW
new roof (August 2024)
12 units : 8 studios avg 500 sf 4 One bedroom avg 700 sf 11/12 occupied.
NEW ROOF - Recertification passed - Impact windows
expenses 2025 + tax + insur. = 69,574 $
rent roll 249,600$ (20,800/month)
Today cap rate as rental completed 5.14% ( a few units need to have rental increase applied)
Studios rented at 1,700$ $/mt
One bed. rented at 2,100 $/mt
FOR SALE DETAILS
PRICE
$3,500,000 USD
PRICE/SF
$430 USD /SF
# OF UNITS
12
PRICE/UNIT
$291,667
CAP RATE
5.86%
% LEASED
95%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Dormitory
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1948
PARKING SPACES
3
LAND DETAILS
LAND ACRES
0.16 AC
LAND SF
6,970 SF
ZONING
RM-1, Miami Beach
APN/PARCEL ID
02-4203-009-1040
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305-898-7224
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305-898-7224
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