MLS® F10496514
Status Expired
$1,600,000
Features
$1,600,000
Price
1955
Year Built
Multi Family
Property type
Quad Plex
Sub-type
Property description
Prime Investment Opportunity in the Heart of Miami Beach! This Four-unit Multifamily Property Offers Spacious 2-bedroom units, all Currently on Month-to-Month leases, providing flexibility for New Ownership. Each unit has the potential to command $3,500/month, projecting an Annual gross income of $168,000. Estimated annual expenses are approximately $35,000, leading to a potential cap rate of 8.31%.Located steps away from iconic attractions such as Lummus Park, the Art Deco Historic District, and Lincoln Road Mall, tenants will enjoy unparalleled Access to the best of Miami Beach. Don't miss out on this exceptional Property.
Listing Courtesy of Lifestyle International Realty
Additional Info
- List price per Sqft $338.19
- Yearly Real Estate Tax $17,785
- Original listing price $1,600,000
- Year Built 1955
- Furnished ********
- Equip / Appl included ********
Community Info
- Area Miami-Dade
- City Miami Beach
809 85th Street Photos
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