Commercial property in Miami Beach, Florida № 1937819

Property description

Offered at a 6.6% Proforma Cap, the property is currently 75% occupied (3 vacancies). 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 $450,000 in combined CapEx between the current and previous owner. The property includes community laundry and features 5 parking spaces. The exterior was fully painted in 2023 ($31k) and the roof was replaced in 2024 ($87k).