100% TENANT OCCUPIED, 4 UNIT BUILDING, LARGE 2 BED 1 BATH FLOOR PLAN, PER DADE COUNTY APPRAISER AVERAGE SIZE IS 953 SQ PER UNIT. GREAT ADDED VALUE OPPORTUNITY, CURRENT GROSS RENT ON THIS PROPERTY ARE UNDER MARKET RENTS AT GROSS INCOME OF $55,200. 2 UNITS RENT FOR 1200 AND THE OTHER 2 FOR $1100. CAN EASILY INCREASE RENTS AFTER RENOVATIONS $1900+ A MONTH EACH UNIT FOR A GROSS ANNUAL RENT TOTAL OF $91,200 UPSIDE TO INCREASE CAP TO 7.8% + AFTER EXPENSES AND REPAIR VALUE. SHORT WALK TO THE EAST TO THE BEACH/ATLANTIC OCEAN, RESTAURANTS, SHOPS, COLLINS AVE HOTELS, LOUNGES. LESS THAN 1 MILE NORTH OF WALKING DISTANCE TO SURFSIDE & THE BAL HARBOR SHOPS. MINS FROM SOUTH BEACH NIGHTLIFE, SHOPPING & RESTAURANTS. 4 ST PARKING SPACES. PLEASE DO NOT DISTURB THE TENANTS

Property Details

  • MLS #A10675948
  • TypeCommercial
  • StatusActive
  • Development
  • SubdivisionBISCAYNE BCH SUB
  • Sale TypeRegular Sale
  • Lot Size0
  • Price / Sq.Ft.$236
  • Parking Spaces0
  • Swimming PoolNo
  • Days on Market244
  • Year Built1952
  • Style
  • WaterfrontNo
  • FurnishedNo
  • Flooring TypeHardwood,Tile,Wood
  • Date Listed05/20/2019
  • HOA Fees N/A
  • Cooling TypeWall/Window Unit(s)
  • Heating Type
  • Taxes Year2018
  • Taxes$9,089

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 ©2020-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: Galleria International Realty

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