1850 Treasure, North Bay Village, FL 33141

FANTASTIC 10-UNIT APARTMENT BUILDING ON THE INTRACOASTAL. INCREDIBLE OPEN BAY VIEWS FROM THIS 2-STORY CBS BLDG W/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, PROPERTY FEATURES UPSIDE AS SOME UNITS ARE RENOVATED & SOME OTHERS CAN BENEFIT FROM A UNIT IMPROVEMENT PROGRAM; RENTS CAN BE CONSIDERED LOWER FOR THE AREA. UNITS INDIVIDUALLY METERED FOR ELECTRIC; OWNER PAYS FOR WATER. CAN BE SOLD TOGETHER WITH A 16-UNIT IN SOUTH BEACH, PLEASE INQUIRE. PROPERTY IS ON A GROUND LEASE (EXPIRES 08/14/2055; RENT IS $2,500/YEAR) WHICH -IF DESIRED- CAN BE CANCELLED UPON CLOSING OF THE LOT & THE BUILDING, IF SOLD TO THE SAME BUYER. BUILDING IS OFFERED AT $1,500,000 AND LOT IS OFFERED SEPARATELY AT $1,000,000. SEE MORE IN SUPPLEMENT REMARKS.