1115 Euclid Ave
miami beach, FL 33139$4,800,000
- sold
INTERESTED? LET'S CONNECT
MULTIFAMILY MOSTLY REMODELLED 16 BIG STUDIOS AVG RENT 2,000 $/MONTH PER UNIT
The KEYES CO. is pleased to offer for sale HARBOR LUXURY Apts a 16-unit building on 11th street & Euclid av. in the heart of Miami Beach Art Deco`District. Bldg has been recently renovated. 16 big studios of apx 450 sf each 12 modernly renovated. Each unit has impact windows tile floors updated appliances renovated bathrooms individual wall a/c. 1 unit is fully furnished The bldg is smack in Miami Beach tourist and night life area walking dist from Ocean and Lincoln. Present CAP is at 5+% with 85% LT occupancy Numbers will improve as the remaining units are rented and will bring Cap rate around 8+%
Excellent investment for long term rentals or TOURIST receptivity.
Details
7,920 Sq Ft
7,000 Sq Ft Exterior Space
Commercial
$46,785 Annual Tax
Built in 1950
MLS/Listing ID A11330197
Listing Courtesy of THE KEYES COMPANY, FABRIZIO PASSATORE - 305-898-7224
Source of Data: MIAMI ASSOCIATION OF REALTORS