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$2,500,000
Est. payment /mo
8,446 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,446 sqft
Price per Sqft $295
MLS Listing ID A11923577
HOA Y/N No
Year Built 1958
Annual Tax Amount $30,391
Lot Size 5,650 Sqft
Property Sub-Type Multi Family
Property Description
A 10-unit multifamily property located in the highly walkable North Beach district of Miami Beach. Built in 1958, this two-story building sits between Hawthorne Avenue and Crespi Boulevard, just steps from the Tatum Waterway and minutes from the ocean. The property offers ten spacious one-bed/one-bath units, each over 700 square feet, with separate electric and gas meters, individual water heaters, and classic Miami Beach charm.
While selectively updated, the asset presents strong value-add potential through modernization and rent optimization. The area continues to benefit from significant public and private redevelopment, including the North Beach Town Center District and other large-scale projects driving sustained rent growth and property appreciation.
With a stable tenant base, flexible lease structure, and prime location near Collins Avenue, Harding Avenue, the Atlantic Ocean, and North Shore Park, Seven90 Apartments represents an excellent opportunity to acquire a boutique multifamily property combining stability, upside, and long-term investment value in one of Miami Beach's most desirable rental submarkets.
While selectively updated, the asset presents strong value-add potential through modernization and rent optimization. The area continues to benefit from significant public and private redevelopment, including the North Beach Town Center District and other large-scale projects driving sustained rent growth and property appreciation.
With a stable tenant base, flexible lease structure, and prime location near Collins Avenue, Harding Avenue, the Atlantic Ocean, and North Shore Park, Seven90 Apartments represents an excellent opportunity to acquire a boutique multifamily property combining stability, upside, and long-term investment value in one of Miami Beach's most desirable rental submarkets.
Location
State FL
County Miami-dade
Area 32
Exterior
Private Pool Yes
Others
Tax ID 02-32-02-008-0540
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11923577
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Listed by Fausto Commercial Realty Consultants Inc
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