Multifamily – 2BR Units in Miami Beach, FL – 100% Occupied with Recent Renovations

Category: Multifamily

Price:$2,050,000

Location: Miami Beach, FL

Year Built: 1950

Days on Market: 66

Description:

Offered at a 5.8% Proforma Cap, the property is currently 100% occupied. 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 2BR. It has over $40,000 in combined CapEx between the current and previous owner. Building exterior was painted in 2024 ($29k).

- All Units are 2BR - There are 2 fully renovated units - Current owner has spent over $40k in CapEx - The exterior was painted in 2024 ($29k)

Listing Code: 1117426093