7315-7325 Carlyle Ave - Apartments FOR SALE


Miami Beach, FL 33141- North Shore
$5,395,000 USD
954-245-3492
7315-7325 Carlyle Ave, Miami Beach, FL for Sale
$5,395,000 USD
Apartments - FOR SALE
1/80
null | 5.86% Cap Rate

7315-7325 Carlyle Ave
Miami Beach, FL 33141
North Shore


HIGHLIGHTS

  • 20-Units (Legal) Situated in AAA North Beach Location
  • Fannie Mae Loan Assumption: $4,125,000 (75.5% LTV), 6.22% Interest-Only to 4/2026
  • 40/50-Year Recertification was Recently Completed in 2021
  • All Apartments Have Hurricane Impact Windows and Doors, Roofs Done in 2016
  • 15/20 Apartments Significantly Renovated: Luxury Vinyl Floors, Quartz Countertops, High Gloss Cabinets, Modern Vanities, Large Mirrors & New Showers
  • Additionally Apartments 2, 4, 6, 18 and 20 Include Washers and Dryers Inside

OVERVIEW

The Aqua Marina Apartments are comprised of two, two-story apartment buildings totaling 20 units.  The Aqua Marina Apartments were built in 1955, consist of 14,399 square-feet and are situated on a 15,000 square-foot lot (according to the Miami Dade Property Appraiser).  The property is comprised of (4) one-bedroom | one-bath loft apartments with an average in-place rent of $1,981 and (16) one-bedroom | one-bathroom apartments with dens with an average in-place rent of $2,225.  15 apartments have been renovated and current ownership invested approximately $350,000 in total improvements.  These upgrades include luxury vinyl flooring, quartz countertops, high gloss finished cabinets, new bathrooms with modern vanities, large mirrors, and upgraded showers.  Five apartments (#2, 4, 6, 18, and 20) were upgraded more thoroughly and feature dishwashers and in-unit washer and dryers.  The buildings were re-roofed in August 2016 and are under a 10-year transferable warranty.  Additionally, the 40/50-year recertifications were completed in July 2021.

FOR SALE DETAILS

PRICE

$5,395,000 USD

PRICE/SF

$375 USD /SF

# OF UNITS

20

PRICE/UNIT

$269,750

CAP RATE

5.86%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aqua Marina Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

15,000 SF

ZONING

RM-1, Miami Beach

APN/PARCEL ID

02-3202-003-0860

ASK ABOUT THIS PROPERTY

Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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