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20143431
20143424

1115 Euclid Ave, Miami Beach, FL 33139

Dalan Realty LLC
Listed by Dalan Realty LLC
$3,750,000
621 days on market
Updated 11 days ago

EUCLID MIAMI APARTMENTS

Details
APN 06-2230-000-0320
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,860
Units 16
Cap Rate 5.71%
NOI $214,230
Occupancy 100%
Price per SqFt $423
Broker Co-Op Yes
Class B
Year Built 1950
Year Renovated 2021
Buildings 1
Stories 2
Acreage 0.160
Investment Type Stabilized
Ground Lease No

MIAMI BEACH - ART DECO DISTRICT GEM

Marketing description

Dalan Realty is proud to present "Euclid Miami Apartments", a 16 Unit Apartment complex located in Miami Beach, Florida. Most of the units has been renovated in the interiors. The building feature improvements such as impact windows and new roof (2024). 40 year Certification passed on March 2020, next certification on March 2030.

Investment highlights

**Prime Location, Prime Returns**: Miami Beach ART Deco District. Situated walking distance from the best beach in the world. Lot of room for property value appreciation. High growth potential and strong rental market, this property offers investors the chance to capitalize on the booming Miami Beach real estate landscape. Its proximity to key amenities, major transportation routes and upscale restaurants/bars. Full of entertainments on the area. Location ensures a steady stream of income and promising returns for those with a keen eye for lucrative investments.

This area continues to grow constantly, maintaining its low vacancy rental rates. On this quality building the demand for prospective tenant is Strong.

Euclid Miami Apartments is 3 blocks from Ocean Drive, Miami Beach most recognized street.

Listing Contacts

Dalan Realty LLC
Listed by Dalan Realty LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$214,230.00
$17,852.50/mo

Valuation Metrics

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DSCR
5.71%
Cap Rate
5.71%
ROI

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