PRIME LOCATION 10-UNIT MULTI-FAMILY IN THE HEART OF MIAMI BEACH. Fully Renovated multifamily including interior upgrades, new electrical & plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and new roof (July 2025). Solid 1950 CBS construction with 10 2BR/1BA apartments with 5 private backyards. Prime North Beach location-three blocks to the… Read More ocean, near Collins/Harding. In-place rents around $2,100–$2,200/mo with renewal upside toward $2,400–$2,500. Turnkey cash flow with clear value-add from rent growth and neighborhood momentum. NOI $186789, Cap rate 5.62%. Pro format Cap Rate 6.13% Pro format NOI $203.889.Offering Memorandum available upon request. Read Less
Courtesy of Beachfront Realty Inc 305-405-0615
Listing Snapshot
Days Online
249
Last Updated
Property Type
Multi Family
Square Ft.
7,865
Lot Size
0.17 Acres
Year Built
1950
MLS Number
A11891843
30 Days Snapshot Of 33141
$630k
-21%
(avg) sold price
11
+1,000%
homes sold
148
-73%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1950, Construction materials: "CBS", Toal building area: 7865
Cooling
"Central Building", "Wall/Window Unit(s)"
Floors
"Laminate"
Lot
0.17 acres
Property
Zoning: 3900
Security Features
"Security Fence", "Security System"
Taxes
Annual amount: $32,321
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