SOUGHT AFTER LOCATION BLOCKS AWAY FROM THE BEACH. This multi-family is the perfect investment to capitalize on the booming tourism sector & economic improvement in this neighborhood. Potential buyers will have the chance to continue operating the building as apartment rentals with room to increase rent up to $8,000/m with light touch interior TLC. Turn-key investment opportunity to own a cash-flowing property in Miami Beach. This 1-story consists of 5 units featuring a mix of four 1-bed/1-bath and one 2-beds/1-bath. 2 out of the 5 units are remodeled with new floors, kitchen, W/D inside the units. The roof has been completely changed with clay tiles, 40-year certificate and CU up to date, fresh exterior paint, new landscaping, and much more!. Pro forma rental can be provided upon request.
- Address 705 83rd St
- City Miami Beach
- County Miami-Dade County
- Zip 33141
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Price
$1,170,000
($343 / SqFt) - Status Closed
- Subdivision Biscayne Beach Sub
- Pets Allowed No
- MLS® # A11159453
- Property Type Residential Income
- Property Sub TypeQuadruplex
- Status Closed
- Square Feet 3,407
- Year Built 1949
- Waterfront No
- Maintenance Fees No Info Provided Annually
- Taxes $10,944
- Tax Year 2021