Multifamily Property – 4 Units in Miami Beach, FL – 100% Occupied with Community Laundry

Category: Multifamily

Price:$2,475,000

Location: Miami Beach, FL

Year Built: 1936

Days on Market: 53

Description:

Offered at a 6.2% 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 includes two parking spaces, it features a community laundry and it has 4 units that are considered suites with no kitchens, just refrigerators. The unit mix includes 10 studios, 2 1BR/1BA and 1 2BR/2BA. It has over $140,000 in combined CapEx between the current and previous owner.

- 6.22% Proforma Cap - 100% Occupied - 2 Parking Spaces - Community Laundry

Listing Code: 1117420144