Multifamily Waterfront Miami Beach,

Florida / United States / Miami

Description

VALUE ADD OPPORTUNITY – 10 UNIT WATERFRONT APARTMENT COMPLEX IN MIAMI BEACH – DEVELOPMENT PROPERTY OR OPERATE FOR EXISTING CASH FLOW WITH A 5 CAP (SEE PHOTOS IN MLS). This 10 unit apartment complex features long term tenants, 143ft of water frontage, 2 garden-style buildings & 100% occupied. A New 10 Boat Split Boat Dock could be added by the new buyers that can store boats up to 27ft long & increase value, cap rate & the investment. If you choose to redevelop property the complex is located outside any overlay districts such as the national registry & local historic or conservation district. It is also your ability to take part in the North Beach Revitalization Project happening now and walking distance to Normandy Golf Course, Normandy Community Pool & Park. Call for more details. Must sign NDA. Interior units can only be inspected while under contract & due diligence. Please do not disturb tenants.

 

Property Overview

Price$ 2,498,000
ID17
TypeCommercial
Sold No
StatusAvailable
Home area9330 sqft
Lot area048 sqft

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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