Multifamily Property – 20 Units in Miami Beach, FL – Fully Renovated with Community Laundry

Category: Multifamily

Price:$4,600,000

Location: Miami Beach, FL

Year Built: 1925

Days on Market: 92

Description:

Offered at a 6.5% 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. The property has 15 Studios, 3 2BR/1BA and 2 2BR/2BA. It has over $930,000 in combined CapEx between the current and previous owner. Building interior & exterior was painted in 2024 ($58k). The property features community laundry. It has 6 fully renovated units.

- 6 fully renovated units - Includes community laundry - $930k+ in CapEx between current and previous owner - Interior & exterior painted in 2024

Listing Code: 1117439872