Turn-key Investment Opportunity in hot North Beach! If you are looking for a hands off value play, this is it. This cash flowing corner property is surrounded by parks and positioned three blocks from the beach and just few minutes from the major employment centers in South Florida, including Downtown Miami, South Beach, and Bal Harbour. The city of Miami Beach is investing $100M into the development of North Beach and it is a great time to buy this stable, income-producing asset and ride the wave of growth that is about to take off in this area. This well managed property features all updated units including new kitchens & baths, new roof, and on-site laundry and separate electric meters. 40 year certification completed in 2015! This is truly a hands-off cash cow.

Property Details

  • MLS #A10345608
  • TypeCommercial
  • StatusActive
  • Development
  • Subdivision
  • Sale TypeRegular Sale
  • Approx Lot Size0
  • ParkingStreet Parking
  • Days on Market535
  • Year Built1951
  • StyleApartments,Residential-Multi-Family
  • WaterfrontNo
  • FurnishedNo
  • Flooring TypeTerrazzo Floors,Tile Floors
  • Date Listed09/28/2017
  • CoolingWall/Window Unit Cooling
  • HeatingOther,Wall/Window Units
  • Taxes Year2016
  • Taxes$9,100

Miscellaneous Information

  • Laundry Facilities
  • Rear Access

The multiple listing information is provided by the MIAMI ASSOCIATION OF REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2018-present MIAMI ASSOCIATION OF REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Urban Resource LLC

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