Listed by One Sotheby’s International Realty
$2,500,000
3909 Garden Ave I Miami Beach I Fully renovated
Details
APN 02-32-27-027-0010
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 5,200
Net Rentable (SqFt) 5,200
Units 4
Cap Rate 5.00%
NOI $134,952
Occupancy 100%
Pro-Forma Cap Rate 6%
Pro-Forma NOI $150,000
Price per SqFt $481
Broker Co-Op Yes
Class A
Year Built 1948
Year Renovated 2022
Buildings 1
Stories 2
Lot Size (SqFt) 5,500
Zoning 4700
Investment Type Stabilized
Ground Lease No
A Revival Masterpiece "3909 Garden Ave" - TROPHY BUILDING
Marketing description
An architectural gem Miami Beach’s prime location. Completely redesigned with a contemporary flair .This four-unit building features spacious 2-bedroom apartments, each approximately 1,000 SF with open kitchens, custom closets, Central AC and impact windows washer & Dryer. This Residence Building is finished with top-of-the-line materials and luxury craftsmanship.
Most desirable neighborhoods surrounded by multimillion-dollar villas and luxury condominiums, this property offers a strong community environment, A-rated schools, and proximity to restaurants, offices, and beaches ,just 20 minutes from Miami International Airport and major highways.
All units are leased to qualified tenants in a average of $4,000 per month, providing immediate income and exceptional investment stability.
Investment highlights
It is a 4 unit- each unit has two bedrooms with 1,000 SF each and a backyard.
Each unit rents for a $4,000/ month long-term lease.
Contemporary style Like a brand new building.
Renovation done with Permits
Lot Size: 5,500 SF / Corner lot
Building under A/C: 5,200 SF
Listing Contacts
Listed by One Sotheby’s International Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$134,952.00
$11,246.00/mo
Valuation Metrics
0
DSCR
5.4%
Cap Rate
5.4%
ROI
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