Multifamily Property – 100% Occupied Units in Miami Beach, FL – Fully Renovated with Community Laundry

Category: Multifamily

Price:$3,660,000

Location: Miami Beach, FL

Year Built: 1951

Days on Market: 89

Description:

Offered at a 5.5% 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 1BR/1BA. It has over $480,000 in combined CapEx between the current and previous owner. The exterior was last painted in 2023. The property features community laundry. There are also four fully-renovated units in the community.

- All Units are 1BR - There are four fully renovated units - Property includes community laundry - $480k+ in CapEx between current & previous owner

Listing Code: 1117440207