Description
10 Unit Apartment Building Offered at $1,995,000 in Miami Beach, FL
INVESTMENT HIGHLIGHTS
- Very Strong Rental Market
- Impact Windows Hurricane Rated
- New Plumbing
- 100 % Occupied
- New Electrical
- New Modern Euro Style Kitchens and Bathrooms
EXECUTIVE SUMMARY
Vintage Miami Modern Meets Luxury at the Newly Remodeled 79th street Apartments. Unrivaled location with doorstep access to Miami Beach’s best cultural, dining and shopping scene! Walking distance to the beach and the famous North Shore Open Space Park! Access to 36 – acres of beachfront green space , PRIME NORTH BEACH LOCATION
PROPERTY FACTS
| Price | $1,995,000 | Building Class | C |
| Price Per Unit | $199,500 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 6,643 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1958 |
| Apartment Style | Low Rise | Opportunity Zone | No |
FINANCIAL SUMMARY (ACTUAL – 2019)
ANNUALANNUAL PER SF Gross Rental Income$154,200$23.21
Other Income$568$0.09Vacancy Loss$4,620$0.70
Effective Gross Income$150,148$22.60Taxes––
Operating Expenses––Total Expenses$42,153$6.35
Net Operating Income$107,995$16.26
Property Overview
| Price | $ 1,995,000 |
| ID | 18 |
| Type | Commercial |
| Sold | No |
| Status | Available |
| Home area | 6643 sqft |
| Material | Block, Brick |
Position
Amenities
- Air conditioning
- Balcony
- Bedding
- Cable TV
- Cleaning after exit
- Cofee pot
- Computer
- Cot
- Dishwasher
- DVD
- Fan
- Fridge
- Grill
- Hairdryer
- Heating
- Hi-fi
- Internet
- Iron
- Juicer
- Lift
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