Unique opportunity to acquire this Land Lease with excellent income-producing 14-unit multifamily building in the heart of South Beach. Building offers a healthy unit mix, fully rented, low expenses, quality long-term tenants. Favorable land lease structure expiring in 20 years, low fixed annual lease payment for the entirety of the… Read More lease term with no escalations! NEW ROOF! Completed December 2024. Great cap rate in a strong rental market with upside on rents, financing opportunities available. Located in the heart of South Beach and the historic Art Deco District, ideally situated just steps away from the world-famous Lincoln Road and its promenade of 200+ retail shops, restaurant and cafes. Building is well-kept and well-managed. Financials available upon request. Read Less
Courtesy of Avanti Way Commercial 786-512-3745
Listing Snapshot
Days Online
89
Last Updated
Property Type
Multi Family
Square Ft.
10,820
Lot Size
0.18 Acres
Year Built
1947
MLS Number
A11975379
30 Days Snapshot Of 33139
$856k
-50%
(avg) sold price
20
+300%
homes sold
150
+3%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1947, Toal building area: 10820
Lot
0.18 acres
Parking
"On Street"
Property
Zoning: 3900
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