Commercial property in Miami Beach, Florida № 1788844

Property description

Offered at a 5.5% Proforma Cap, the property is currently 100% occupied. The property is part of a 10-property portfolio all located in South Beach. It can be purchased individually or as part of the portfolio. All units in the property are 1BR/1BA. It has over $480,000 in combined CapEx between the current and previous owner. The exterior was last painted in 2023. The property features community laundry. There are also four fully-renovated units in the community.