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Miami Beach, FL

$2,800,000

Miami Beach, FL 33139

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Last Updated: 06/17/2025

7,200 sqft

Building Size

12

Units

Details:
Building Size:    7,200 sqft
Units:    12
Year Built:    1961
Floors:    2
Parking Spots:    5
Highlights:
  • Number Of Buildings: 1
Description:

Offered at a 6.6% Proforma Cap, the property is currently 75% occupied (3 vacancies). The property is part of a 10-property portfolio all located in South Beach. It can be purchased individually or as part of the portfolio. All units in the property are 1BR/1BA. It has over $450,000 in combined CapEx between the current and previous owner. The property includes community laundry and features 5 parking spaces. The exterior was fully painted in 2023 ($31k) and the roof was replaced in 2024 ($87k).

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