Multifamily Property – Studios in Miami Beach, FL – 6.6% Proforma Cap Rate

Category: Multifamily

Price:$3,220,000

Location: Miami Beach, FL

Year Built: 1941

Days on Market: 76

Description:

Offered at a 6.6% Proforma Cap, the property is currently 88% occupied (1 vacancies). 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 Studios . It has over $510,000 in combined CapEx between the current and previous owner. The property features community laundry. There are three fully renovated units. Also, building interiors and exteriors were last painted in 2022.

- All Units are Studios - Property includes community laundry - Has over $510,000 in combined CapEx between current and previous owner

Listing Code: 1117440093