Listed by Coldwell Banker Realty
$1,791,000
ALTON BEACH BAY FRONT RE-
Details
APN 02-32-33-016-0241
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 5,628
Units 3
Year Built 1947
Stories 2
Zoning 3900
Parking Spaces 3 spaces
Parking Per SqFt 0.53
Multifamily | 3 Units
Marketing description
Rare investment NO condo fee opportunity to acquire three oversized 2 bedroom, 2 bathroom residences in a boutique four unit building showcasing classic 1947 Miami Modern (MiMo) architecture corner property on West Avenue Reflecting the clean lines, abundant natural light, and indoor outdoor living concepts that defined postwar Miami Beach design, each just under 1,200 square foot residence offers expansive living spaces, large dine in kitchens, private front and rear entrances On site 1 parking space per unit, and a flexible sun drenched Florida room framed by signature banks of windows, ideal for a home office, dining, or additional living space. Each unit is a corner unit two are top Floor one is 1st floor. Communal garden at the rear offering great potential.
The property offers strong investor appeal. Improvements completed, include a 10 year old roof, 40 year recertification, impact windows throughout, updated electrical and plumbing, tankless water heaters, and central AC in each.
A comparable unit within the building recently leased for $3,150/month, supporting strong rental demand. Two of the units rented below market value are currently occupied on month to month; one unit is vacant, creating immediate upside potential for an investor or owner occupant. Located just minutes from the beach, parks, cafés, restaurants, and shopping, this is a compelling opportunity .
Units may be available for individual sale.
Showings by appointment only with 24hr notice.
Listing Contacts
Listed by Coldwell Banker Realty
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