Coldwell Banker Realty
Listed by Coldwell Banker Realty
$7,700,000
So. Beach 29-Unit Multifamily Portfolio
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 17,146
Net Rentable (SqFt) 17,146
Units 29
Occupancy 95%
Price per SqFt $449
Class B
Year Built 1988 and 1958
Buildings 2
Stories 2
Zoning Multifamily
Parking Spaces 15 spaces
Parking Per SqFt 0.87
Investment Type Value Add
Ownership Sole Ownership
Sale Condition 1031 exchange
Multifamily | 29 Units | $265,517/unit
Investment highlights
Below-market rents with major upside
Current combined gross income: $536,700
Majority 1BR units (high tenant demand)
Parking component at 846 Lenox (rent premium potential)
Classic South Beach studio mix for flexibility
Impact windows installed at 846 Lenox
Listing Contacts
Coldwell Banker Realty
Listed by Coldwell Banker Realty
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Zoning
RM-1 ResidentialMulti FamilyResidential Multifamily Low Intensity
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View all 29 uses
View all 29 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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