$1,300,000
7821 Byron Ave, Miami Beach, FL 33141
1 / 26
531 16th St, Miami Beach, FL 33139
$1,700,000— Beds— Baths
Miami Beach, FL 33139
Status
Active
Type
Income/MultiFamily
Year Built
1947
Days on Market
163
Lot Size
8,000 sqft
MLS #
A11975379
About This Home
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 20 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.
Property Details
- Parking Features
- On Street
Building & Association
- Stories
- 2
- Stories Total
- 2
- Association
- No
Lot & Construction
- Lot Size Square Feet
- 8,000
- Waterfront
- No
- View
- No
- New Construction
- No
Public Records
- Parcel Number
- 02-32-34-002-0680
- Zoning
- 3900
- County Or Parish
- Miami-Dade County
Location
Courtesy of Avanti Way Commercial
