Multifamily – 1BR/1BA Units in Miami Beach, FL – 6.6% Proforma Cap Rate

Category: Multifamily

Price:$2,950,000

Location: Miami Beach, FL

Year Built: 1946

Days on Market: 100

Description:

Offered at a 6.6% Proforma Cap, the property is currently 75% occupied (3 vacancies). The property is part of a 10-property portfolio all located in South Beach. It can be purchased individually or as part of the portfolio. All units in the property are 1BR/1BA. It has over $450,000 in combined CapEx between the current and previous owner. Most CapEx has been focused in common area/exterior elements. There are also two fully-renovated units in the community.

- All Units are 1BR/1BA - Proforma Cap Rate at 6.6% - Currently 75% Occupied (3 vacacies) - $450k+ in CapEx between current and previous ownership.

Listing Code: 1117425440