1850 Treasure, North Bay Village, FL 33141

FANTASTIC 10-UNIT APARTMENT BUILDING ON THE INTRACOASTAL. INCREDIBLE OPEN BAY VIEWS FROM THIS 2-STORY CBS BUILDING CONSISTING OF 2- 2/2'S AND 8- 1/1'S ON A LARGE 12,000 SF LOT ON A VERY PRIVATE AND TRANQUIL STREET. CONSISTENTLY FULLY RENTED, THE PROPERTY FEATURES UPSIDE AS SOME UNITS ARE RENOVATED AND SOME OTHERS CAN BENEFIT FROM A UNIT IMPROVEMENT PROGRAM; STILL, ALL HAVE RENTS THAT CAN BE CONSIDERED LOWER FOR THE AREA. THE UNITS ARE INDIVIDUALLY METERED FOR ELECTRIC WHILE THE OWNER PAYS FOR WATER BILLS. PROPERTY IS ON A GROUND LEASE; EXPIRES 08/14/2055; RENT IS $2,500/YEAR.LOCATED IN BEAUTIFUL NORTH BAY VILLAGE, THE PROPERTY IS ON A TRANQUIL STREET, JUST 2 BLOCKS AWAY FROM NE 79th ST/NORMANDY DR. FROM THERE, IT CONNECTS MIAMI TO MIAMI BEACH MAKING THE PROPERTY ACCESSIBLE TO ALL THE