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DESCRIÇÃO
Most unique multifamily property in south beach now being offered for sale. A combination of four retail outlets on the ground floor anchored by ups,combined with six oversized one bedroom apartments on the second floor. . The property is 100 % occupied with a cap rate over 5% and a huge upside as it is located next to washington avenue which has been designated by the city of miami beach as a business imrovement district ( bid ). Two new 300 room hotels are currently being built within two blocks of the property,one on 9th & washington,the other on 7th & washington. Both hotels will open this year. In addition there is a municipal parking lot connected to the rear of the building. The property is centrally located in the heart of south beach.
Data is provided by Miami Board of Realtors.
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Listed on February 11, 2020 by Fred Botwinik from Douglas Elliman, this other is for sale. other for sale in South Beach listed at $3,695,000, Reference A10814427
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