Investors welcome. Introducing Jennay Apartments, located on the corner of 10th and Euclid, just few blocks away from South Beach. Fully occupied with 13 units, currently bringing in $193,500 annually with upside for a new owner. Eight Studios, Three 1 Bedroom/1 bath, two 2 bedroom/1 bath. Two-story building with two buildings
connected by open air walkway, each unit has it's own electric and water meter. Building recently passed its 40/50 year recertification. Tenants enjoy living blocks away from the beach, Lincoln Road, Espanola Way and Flamingo Park. Street parking available with resident permit (Zone 2) highly desirable zoning. Lot is 7,000 SF and building SQFT is 7,272 SF.
7,272 Sq Ft
Investment
$41,067 Annual Tax
Built in 1930
MLS/Listing ID A11479959
OCEAN BEACH ADDN NO 3
2 Stories
13 Units
Heating - Wall Units
Stairs
Barrel Roof
Style - Detached
Cooling - Wall/window unit(s)
Natural Wood
Listing Courtesy of COMPASS FLORIDA, LLC., MENACHEM FELLIG - 305-632-8803
Source of Data: MIAMI ASSOCIATION OF REALTORS