South Beach 31-Unit Apartment Building
Multifamily | 31 Units
Marketing description
SOUTH BEACH – Income-producing, 31-unit apartment building in a strategic corner location between the Miami Beach Golf Club and Lincoln Road, across the street from the new 5.8 acre Pride Park, the Miami Beach Convention Center and City Hall. The two-story, courtyard property offers a mix of studios, one and two-bedroom units plus a laundry room in a lush, tropical garden setting. RM-2 zoning allows for 14,000+ additional square footage in a world-class destination. Cash-flowing As-Is with the opportunity to renovate or redevelop for short term or long term rentals.
Investment highlights
· Gated, 31-unit apartment building with a laundry room
· 22 studios, 4 one-bed units, and 5 two-bed units
· Income-producing property with high occupancy
· Across from Pride Park, the Convention Center, and City Hall
· Steps from the Miami Beach Botanical Gardens and the Holocaust Memorial
· Two blocks from Lincoln Road's fashionable shops, restaurants, and entertainment
· Two blocks from the Miami Beach Golf Club
· RM-2 zoning allows for an additional 14,000+ SF of building area
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