600 79Th St, Miami Beach, FL 33141
6 Unit Apartment Building | $1,425,000 ($237,500/Unit) | 5.82% Cap Rate | Miami Beach, FL 33141
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,425,000
- Property Type
-
Multifamily
- Square Feet
- 3,853 SF
Listing Contacts
Shlomo Rafaelov
Verified Profile
- Property Info
Property Overview
"Amazing Investment Opportunity in Prime North Beach Location!"
Welcome to your chance to own a slice of Miami Beach real estate gold! Nestled in the vibrant heart of North Beach, only 4 blocks from the ocean, this 6-unit multi-family garden-style 3853 SQFT building awaits its next savvy owner.
This property presents an incredible canvas for those with vision and a knack for turning diamonds in the rough into gems. This building is in need of a little TLC, but with the right touch and some strategic renovations, this could easily become a stunning, income-generating haven in one of Miami Beach's most sought-after neighborhoods. There are 3 Studios, 2 One bedrooms and 1 Two Bedroom one bath. 50% of the are rented at below market rents.
In summary, this property offers the perfect blend of location, potential, and opportunity. Whether you're an experienced investor looking to add to your portfolio or a newcomer eager to break into the lucrative world of real estate, this is an opportunity you won't want to miss. Seize the moment, unleash your creativity, and watch as this diamond in the rough transforms into a shining gem of Miami Beach living.
Welcome to your chance to own a slice of Miami Beach real estate gold! Nestled in the vibrant heart of North Beach, only 4 blocks from the ocean, this 6-unit multi-family garden-style 3853 SQFT building awaits its next savvy owner.
This property presents an incredible canvas for those with vision and a knack for turning diamonds in the rough into gems. This building is in need of a little TLC, but with the right touch and some strategic renovations, this could easily become a stunning, income-generating haven in one of Miami Beach's most sought-after neighborhoods. There are 3 Studios, 2 One bedrooms and 1 Two Bedroom one bath. 50% of the are rented at below market rents.
In summary, this property offers the perfect blend of location, potential, and opportunity. Whether you're an experienced investor looking to add to your portfolio or a newcomer eager to break into the lucrative world of real estate, this is an opportunity you won't want to miss. Seize the moment, unleash your creativity, and watch as this diamond in the rough transforms into a shining gem of Miami Beach living.
Property Details
- Class
- C
- Year Built
- 1950
- Stories
- 1
- Lot Size (sq. ft)
- 5,663 SF
- Units
- 6
Highlights
- Four Blocks from the Ocean
- Natural Light
- Diamond in the Rough
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