Facilidades
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Características principais
Espaço de estacionamento
20
DESCRIÇÃO
Excellent development opportunity in desirable lincoln road location of miami beach. . Existing 2 story, 4 unit building with 40 year recertification 2019, and recent full electric update, throughout. All units with central ac, wood floors, high ceilings. Large 8000 sq ft lot with far for additional new construction residential building. Zoning allows new construction up to 10 units. Property currently used as residential income 4 apartments and up to 20 leased parking spaces for $100,000 annual gross income. Very limited land available in this location for sought after new construction. Units currently bring in $6700 month with parking extra. Cosmetic upgrades would elevate rents significantly. 5% cap rate as-is with much higher potential.
Data is provided by Miami Board of Realtors.
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Listed on December 09, 2019 by Lori Bakkum from Gary Hennes Realtors, this other is for sale. other for sale in South Beach listed at $1,390,000, Reference A10783972
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