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- (305) 790-0199
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1947
Sq.Footage
N/A
Unique opportunity to acquire this Land Lease with excellent income-producing 14-unit multifamily building in the heart of South Beach. Building offers a healthy unit mix, fully rented, low expenses, quality long-term tenants. Favorable land lease structure expiring in 21 years, low fixed annual lease payment for the entirety of the lease term with no escalations! NEW ROOF! Completed December 2024. Great cap rate in a strong rental market with upside on rents, financing opportunities available. Located in the heart of South Beach and the historic Art Deco District, ideally situated just steps away from the world-famous Lincoln Road and its promenade of 200+ retail shops, restaurant and cafes. Building is well-kept and well-managed. Financials available upon request.
Features & Amenities
Interior
Area & Lot
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Parking
On Street
Financial
-
Sales Price
$1,950,000
-
Tax Amount
45919.0
-
Zoning
3900
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Location
County
Miami-Dade
Elementary School
Middle School
High School
Listing Courtesy of Fernando Arencibia JR. , Avanti Way Commercial
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Realtor
JarrodGaylis
Call Jarrod today to schedule a private showing.
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