Boutique Miami Beach Fourplex for Sale

701 82nd Street, Miami Beach, FL

   SOLD!   

$1,050,000

Price

4.14%

Cap Rate

3,725 sqft

Building Size

Overview
Cap Rate
4.14%
Building Size
3,725 sqft
Lot Area
5,650 sqft
Units
4
Year Built
1947
Description

PROPERTY OVERVIEW:
The RE Team at ONE Commercial is proud to present 701 82nd Street in Miami Beach, Florida. A 2-story residential building with 4 two-bedroom / one bath units. Completely gutted and renovated in 2015, the property has been painted, new roof installed, all interior corridors redone, new flooring, new kitchens, new bathrooms and windows. All units enjoy central air conditioning, granite tops in the kitchen, wood cabinets and pergo wood flooring thru-out. The property maintains a full occupancy since completion and rents have continued to increase with room to grow. On site parking for up to 4-cars, with additional street side parking available from the city. Truly a gem of an asset in the heart of the growing area of North Beach.



LOCATION OVERVIEW:
701 82nd Street is located in North Beach, just east of Normandy Isles, south of Aventura, north of South Beach and west of Collins Avenue. The location offers easy access to nearby beaches, dining venues of Lincoln Road, Midtown and Wynwood, access to employment areas of Downtown Miami, Aventura and South Beach and entertainment venues along Collins Avenue, Washington Avenue and Mainland Miami. MIami Beach enjoys year-round great weather with average temperatures in the 80's, a growing millennial population, continued investments in real estate, job creation from high-tech companies and hospitality, and is ranked as one of the top destinations in the world for travelers. With world class dining and hotel options, entertainment venues and beautiful beaches, Miami Beach is the place to see and be seen.

Documents
Title
Offering Memorandum
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Location
Gallery