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DESCRIÇÃO
Development opportunity!4 plex on oversized lot with room to build new construction at rear. Lincoln road area of south beach. Existing building is comprised of( 2 )one bedroom one bath units and( 2) two bedroom one bath units, all with central ac. 40 year certification 2019 and electric updated in 2013. Hardwood floors and high ceilings throughout. Rents below market would rase with cosmetic improvement. Zoning for up to 10 units. New construction additional building allowed up to 3 stories. Perfect for high end boutique development, for leasing income, condos ,or end user as single family property. Units leased below market. $100,000. 00 total annual gross income from units and parking. Best priced opportunity in the area! 5% cap rate as-is, with much higher potential.
Data is provided by Miami Board of Realtors.
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Listed on September 17, 2019 by Lori Bakkum from Gary Hennes Realtors, this apartment is for sale. apartment for sale in South Beach listed at $1,390,000, Reference A10739294
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