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$5,000,000
Est. payment /mo
11,032 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,032 sqft
Price per Sqft $453
MLS Listing ID A11765723
HOA Y/N No
Year Built 1954
Annual Tax Amount $53,488
Lot Size 7,500 Sqft
Property Sub-Type Multi Family
Property Description
Prime 20-Unit Apartment Building in Miami Beach – Value-Add Opportunity! Located just steps from the beach, this 20-unit apartment building is a true cash cow with significant upside potential. Currently generating solid cash flow, this property offers a prime value-add opportunity through rent increases, stabilizing occupancy, and completing the ongoing 70-year recertification. With strategic upgrades and improved management, there's immense potential to boost gross monthly income by bringing rents to market rates and resolving remaining certification and violation clearances. Don't miss out on this incredible investment opportunity in one of Miami Beach's most desirable locations. Schedule a tour today!
Location
State FL
County Miami-dade
Area 32
Exterior
Private Pool Yes
Building
Story 2
Level or Stories Two
Others
Tax ID 02-32-02-003-0950
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11765723
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Listed by LPT Realty
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