Apartment Buildings /FL /Miami/Dade County /Miami Beach /235 77th St
Apartment Buildings /FL /Miami/Dade County /Miami Beach /235 77th St

235 77th St - Apartments FOR SALE


Miami Beach, FL 33141 | 
$2,000,000 USD
786-433-5383
235 77th St, Miami Beach, FL for Sale
$2,000,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate
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235 77th St
Miami Beach, FL 33141

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HIGHLIGHTS

  • True value-add opportunity
  • Potential to add 4 units
  • 45% rental upside from current rents
  • Reposition into short-term rental for increased income
  • High-barrier to entry market with strong fundamentals
  • Prestigious Miami Beach location and one block from Ocean Terrace Beach

OVERVIEW

Colliers, as exclusive listing broker, is pleased to present the opportunity to acquire the Malibu House apartments, a true value-add repositioning property located at 235 77th Street in North Beach one block away from the Ocean Terrace Beach

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$568 USD /SF

# OF UNITS

8

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Malibu House

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,701 SF

ZONING

RM-1, Miami Beach

APN/PARCEL ID

02-3202-007-0150

ASK ABOUT THIS PROPERTY

Julian ZunigaColliersMore Info
786-433-5383

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Julian ZunigaColliersMore Info
786-433-5383

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