Investment Highlights

• Centrally Located in Historical District

• Significant improvements already completed

• Spacious Floor Plans

Executive Summary

Renovated multifamily property for sale in prime Miami Beach location! All 20-units are spacious floor plans with both one and two bedrooms. Located in historic North Shore with a high walkability score & access to 202+ acres of neighborhood public parks. Residents enjoy modern renovations, picturesque impact resistant windows and lush landscaping. Building boasts strong rental demand with full occupancy even before immense public and private investments are made within walking distance. Over $150M of public investments in the neighborhood have already been invested or committed. Moreover, the new North Beach Town Center, located only 1000 feet away, is undergoing massive transformation with over $200M worth of new developments, offering a modern mix of retail, offices, & modern residences steps away.

Property Facts

Price $6,750,000

Price Per Unit $337,500

Sale Type Investment

Cap Rate 5.45%

No. Units 20

Property Type Multifamily

Property Subtype Apartment

Apartment Style Garden

Building Class C

Lot Size 0.34 AC

Building Size 15,000 SF

Average Occupancy 100%

No. Stories 1

Year Built/Renovated 1951/2022

Opportunity Zone No

Unit Amenities

• Cable Ready

• Ceiling Fans

• Kitchen

• Refrigerator

• Oven

• Walk-In Closets

• Dining Room

Site Amenities

• Courtyard

• Laundry Facilities

Zoning CodeRM-1, Miami Beach