Multifamily – 3 Units in Miami Beach, FL – 75% Occupied with Recent Upgrades
Commercial Sale
Category: Multifamily
Price:$2,800,000
Location: Miami Beach, FL
Year Built: 1961
Days on Market: 31
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. The property includes community laundry and features 5 parking spaces. The exterior was fully painted in 2023 ($31k) and the roof was replaced in 2024 ($87k).
- All Units are 1BR/1BA - Property has 5 parking spaces (1 ADA) - Has over $450,000 in combined CapEx between current and previous owner
Listing Code: 1117426843