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17259225
15112910

8035 ABBOTT AV, Miami Beach, FL 33141 For Sale

MA
FL 0662372
Beachfront Realty, Inc. Miami Beach
Listed by Beachfront Realty, Inc. Miami Beach
$6,875,000
889 days on market
Updated 23 days ago

8035 ABBOTT AV

Details
APN 02-32-02-007-0320
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Square Footage 13,410
Net Rentable (SqFt) 13,410
Units 20
Cap Rate 7.52%
NOI $516,960
Occupancy 100%
Pro-Forma Cap Rate 9.79%
Pro-Forma NOI $673,200
Price per SqFt $579
Broker Co-Op Yes
Class A
Year Built 1945
Year Renovated 2022
Buildings 2
Stories 3
Lot Size (SqFt) 11,300
Zoning 39/MULTI

Anam Cara Lofts, a chic haven of luxury living

Marketing description

Introducing Anam Cara Lofts, a chic haven of luxury living just moments away from the sun-kissed shores of North Beach. This 6,705 SF gem boasts 20 meticulously upgraded units, each a harmonious blend of style and comfort. From sleek stainless steel appliances to premium window treatments, every inch of this property has been revitalized in 2022, including the electrical, plumbing, fire system, and lush landscaping. Situated in a prime location that ensures high tenant demand and consistent rent escalation, this property is a smart investor's fantasy turned reality. Seize the chance to own a slice of heaven in one of Miami's most coveted neighborhoods before it's gone!

Investment highlights

***THERE IS ABSOLUTELY NO SECOND MORTGAGE DEALS ON THIS SITE*** North Beach offers residents a highly walkable coastal lifestyle with direct access to the Atlantic Ocean, North Shore Park Beach, and Biscayne Bay, and future developments that will bring a new lifestyle. The area is known for its safety, neighborhood charm, and proximity to Miami Beach’s most desirable destinations. Residents are minutes from Surfside, Bal Harbour Shops, South Beach, and Aventura, with a wide range of dining, cafés, and bakeries nearby. Outdoor amenities such as Normandy Shores Golf Course, waterfront paths, and parks add to the appeal. The neighborhood also provides strong connectivity, with nearby access to Miami International Airport. Families benefit from Miami-Dade County Public Schools and easy access to recreation, shopping, and community services. With its blend of beachfront living, convenience, and urban connectivity, North Beach remains one of Miami’s most desirable multifamily locations. https://share.google/3M1ybdts9FZb3InqW.

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Listing Contacts

MA
FL 0662372
Beachfront Realty, Inc. Miami Beach
Listed by Beachfront Realty, Inc. Miami Beach

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$516,960.00
$43,080.00/mo

Valuation Metrics

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DSCR
7.52%
Cap Rate
7.52%
ROI

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Additional Information

Name
MARILINA APFELBAUM
License
0662372
Brokerage Phone
7862873633
Title
FL
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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