Multifamily Property – 8 Units in Miami Beach, FL – 6.8% Proforma Cap Rate
Commercial Sale
Category: Multifamily
Price:$2,210,000
Location: Miami Beach, FL
Year Built: 1948
Days on Market: 62
Description:
Offered at a 6.8% Proforma Cap, the property is currently 88% occupied (1 vacancy). 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 5 1BR/1BA and 3 2BR/1BA. It has over $250,000 in combined CapEx between the current and previous owner. The property features a community laundry and 10 parking spaces (6 single and 4 tandem).
- Property includes community laundry - $250k+ in CapEx between current and previous owner - Property features 6 single and 4 tandem parking spaces
Listing Code: 1117438531