$2,750,000 710 7 Street Miami Beach, FL

MLS: RX10347486   Type: Commercial   County: Miami-dade   City: Miami Beach   Area: 2420   Zip: 33139   Style: Income     Stories: 2   Taxes: $27,284

Mortgage $12,911 /mo

Beds

Baths

Half Baths

Sqr Footage

Lot Size

Built

0

16

0

7,138

0

1957

FANTASTIC 16-UNIT CORNER CBS APARTMENT BUILDING ON 7TH STREET IN THE BEST AREA IN SOUTH BEACH. THIS DESIRABLE 2-STORY BUILDING IS COMPRISED OF 2 1/1'S AND 14 EFFICIENCY UNITS. LOCATED IN BETWEEN EUCLID AVE AND MERIDIAN AVE, THE PROPERTY RESIDES IN A HIGH DEMAND LOCATION AND IS CONSISTENTLY FULLY OCCUPIED. THE BUILDING FEATURES UPSIDE AS WHILE SOME UNITS ARE RENOVATED, SOME CAN STILL BENEFIT FROM A UNIT IMPROVEMENT PROGRAM, HOWEVER RENTS ARE LOW FOR THE AREA. THE PROPERTY IS ON A GROUND LEASE; EXPIRES 09/30/2056; RENT IS $1,800/YEAR. IT CAN BE SOLD INDIVIDUALLY OR COMBINED WITH A 10-UNIT OPEN BAY INTRACOASTAL MULTIFAMILY BUILDING IN NORTH BAY VILLAGE IF LOOKING TO OWN TWO EXCELLENT ASSETS IN VERY SOUGHT AFTER AREAS.THE PROPERTY IS IN A VERY UNIQUE LOCATION IN THE SOUTH BEACH AREA OF

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Price History

7/3/2017 Listed $2,750,000

Area 2420
Built Desc Resale
Construction CBS
For Lease No
Geo Area DADE
Geo Lat 25.776936
Geo Lon -80.135311
Listing Status Active
Location Beach Area, City
Possession At Closing, Subject to Lease
Property Type E
Special Info Corporate Owned
Stories 2.0
Tenant Pays Electric
Terms Considered Cash, Conventional
Type MultiFamily (5+ Units)
Type Of Building Income, Resident. Multi-Fam.
Use Income
Year Built 1957
Zoning RM-1

Interior Features

Cooling Wall-Win A/C
Flooring Other
Heating Other
Total Number of Units 16
Unit 1: Unit Desc 1 Bedroom
Unit 2: Unit Desc Efficiency

Exterior Features

Lot Size 0.16
Property Desc 16 UNIT MULTIFAMILY
Roof Other

Property Schools



Direct Link:

http://www.homesforsalehollywoodfl.com/property/68-RX10347486-710-7-Street-Miami-Beach-FL-33139

Gallery (12 photos)

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Property vs Zip Code Avg (33139)

Price 2.75M Avg 2.03M

Sqr Feet 7,138 Avg 6,903

Cost / Sqr Ft $385 Avg $295

Taxes $27,284 Avg $38,954

Visits 26 Avg 46

Days on Site 325 Avg 401

Walkscore® 98 Avg 94

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Listing Provided Courtesy Of: The Keyes Company




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Location & Address

Kate Smith Group
20200 West Dixie Hwy, Suite 604
Aventura, FL
786-398-5940