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$2,750,000
Est. payment /mo
6,336 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,336 sqft
Price per Sqft $434
MLS Listing ID A12064481
HOA Y/N No
Year Built 1951
Lot Size 7,680 Sqft
Property Sub-Type Multi Family
Property Description
Prime 8-Unit Multifamily Investment Opportunity in Miami Beach! Exceptional income-producing property featuring eight 1-bedroom, 1-bathroom units in one of Miami Beach's most desirable rental markets. Currently 7 of 8 units are occupied, providing immediate cash flow with one vacant unit offering instant value-add potential. Built in 1951, the property offers 6,336 SF of improvements on a 7,680 SF lot with RM-1 Multifamily Low Intensity zoning and 8 assigned parking spaces. Ideally located just minutes from the beach, world-renowned dining, shopping, entertainment, and major employment centers, this asset benefits from strong year-round rental demand and a thriving workforce demographic. A rare opportunity for investors seeking stable income with future upside in a premier Miami Beach location. Do not disturb tenants. Showings by appointment only.
Location
State FL
County Miami-dade
Area 32
Zoning 3900
Interior
Heating Window Unit, Wall Furnace
Flooring Laminate, Tile
Exterior
Roof Type Shingle
Total Parking Spaces 8
Private Pool Yes
Building
Sewer Public Sewer
Water Public
Structure Type Block
Others
Tax ID 02-32-02-005-0280
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12064481
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Listed by Real Estate Sales Force
NEARBY SCHOOL & BUSINESS
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