1150 8th St, Miami Beach, 33139

  • $3,500,000

Listing UP for Sale

Miami Beach

Overview

Property ID: A11652726
  • Property Type
  • Quadruplex
  • 5426
  • sqft
  • 1948
  • Year Built

Description

Steps away from 500 Alton Project, 3 Acre Park Coming To Alton Road 4 Unit Multi-Family on Alton & 8th Street,
on the same block as the New Baptist Health Center in Miami Beach. AAA Location – IDEAL for Owner
Users, Developer or Investors. Flexible CD-2 Zoning allows for Medical Offices / Retails / Hotels / Short Term
Rentals, and Other Commercial Uses. High Traffic Count Intersection & Close to Major Retailers. FAR 2.0 = Develop 15,000 sqft 5 story building.

Total Monthly income: $15,700, move in 5.3% CAP Rate with potential upside on the rents!

Tenants Pay all expense. the only thing landlord pays is monthly gardening fees, along with taxes and insurance annually!

All Units come furnished with inventory list, they are all the exact same on the interior!

  • Address 1150 8th St
  • City Miami Beach
  • State/county Florida
  • Zip/Postal Code 33139
  • Area Miami-dade County

Details

Updated on September 5, 2024 at 8:00 pm
  • Property ID: A11652726
  • Price: $3,500,000
  • Property Size: 5426 sqft
  • Year Built: 1948
  • Property Type: Quadruplex
  • Property Status: Listing UP for Sale

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