Description
MULTIFAMILY MOSTLY REMODELLED 16 BIG STUDIOS AVG RENT 2,000 $/MONTH PER UNIT
The KEYES CO. is pleased to offer for sale HARBOR LUXURY Apts a 16-unit building on 11th street & Euclid av. in the heart of Miami Beach Art Deco`District. Bldg has been recently renovated. 16 big studios of apx 450 sf each 12 modernly renovated. Each unit has impact windows tile floors updated appliances renovated bathrooms individual wall a/c. 1 unit is fully furnished The bldg is smack in Miami Beach tourist and night life area walking dist from Ocean and Lincoln. Present CAP is at 5+% with 85% LT occupancy Numbers will improve as the remaining units are rented and will bring Cap rate around 8+%
Excellent investment for long term rentals or TOURIST receptivity.
Location
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Listing Office: The Keyes Company
Attribution contact: 305-898-7224