Multifamily – 9 Units in Miami Beach, FL – Fully Renovated with Parking Spaces

Category: Multifamily

Price:$3,400,000

Location: Miami Beach, FL

Year Built: 1962

Days on Market: 21

Description:

Offered at a 5.9% Proforma Cap, the property is currently 93% 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. The property includes four parking spaces. The unit mix inlcudes 7 studios and 7 1BR/1BA. It has over $120,000 in combined CapEx between the current and previous owner. The exterior was fully painted in 2024 ($27k).

- 9 fully renovated units - 4 parking spaces - $120,000+ in combined CapEx between current & previous ownership - Exterior fully painted in 2024

Listing Code: 1117420602