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$3,500,000
283 days
For Sale • 0 BEDS • 0 BATHS • 8,301 SQFT
Price increase: +$700K / +25.00% (2021/06/09)

Overview

Multifamily Art-Deco gem built by Master Architect L. Murray Dixon, designer of Miami Beach's most iconic buildings including, The Raleigh, Tides and Victor Hotels. Located in one of Miami Beach's most desirable neighborhoods, this architectural beauty is a piece of Miami Beach History and incredible Investment. 12 Units comprised of 6 studios, 4 1 bedroom units and 2 1 bed/ 2 bath units. Fully occupied with long term tenants. The building was completely renovated in 2009 and features impact glass, in-unit washer/dryers and a zen-like courtyard. Incredible location walking distance to the beach, Lincoln Road, The Fillmore, Miami Beach Convention Center, schools and restaurants. Extremely attractively CAP rate above 5%. Rents have recently been increased. Financials Attached.

Facts and features

Type:
Residential Income
Year Built:
1947
Heating:
• Central • Electric
Cooling:
• Central Air • Electric
Parking:
No Data
Lot:
No Data
Price/sqft:
$422

Estimate

$233,400
Estimated sales range: $214,700 - $263,200

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2021-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Urban Resource LLC