USD 1,200,000

8430 Byron Ave
Miami Beach, Florida 33141

For Sale

Property Description

HUGE PRICE REDUCTION - LOWEST PRICED WATERFRONT BUILDING IN NORTH BEACH (MIAMI BEACH). 5 Unit Multi-family building located just 2200 steps from the ocean, and 3 blocks from North Beach Park. All units are FULLY rented, great investment property and positive cash flow. The property is partially renovated on the interior, but with more upgrades, investor can increase monthly rents. Over 121 FT of canal/water views, fit your boat up to 35 ft! Building freshly painted, new roof installed April 2020 with 10 year warranty. Updated seawall and well maintained landscaping. A MUST SEE! SELLER MOTIVATED.
NOTE: Per the City of Miami Beach, this property is located in RM-1 Zone which allows the new owner to add add'l floors to this building, creating more units total...(More units = More Income)

Listed by Classic Real Estate Inc

Property Details

ID #
A10844031
Status
Sale
Type
Commercial, Industrial, Income/Multi-Family 5+
Zip Code
33141
Building Area
4,479ft2
Lot Area
7,405ft2
Year Built
1951
Parking Spaces
1
Building Feature
Air Conditioning, Smoke alarms
Ground Feature
Fenced, Gated community, Waterfront
Roof Material
Wood shingle roof
Ceiling
Ceiling Height Varies, Insulated
Construction
CBS Construction, Concrete Block Construction
Electric Service
Over 200 Amps
Location
City Location, In Residential Area, Inside Lot
Miscellaneous
Dryer(S) Leased, Laundry Facilities, Washer(S) Leased
Occupancy
Tenant Occupied
Parking
Common Parking, Free Parking, Street Parking
Road Frontage
City Road
Type of Building
Apartments, Residential-Multi-Family
Utilities
Internet
Zoning Information
3900
Boat Services
Common Dock, Dock Available, Dock Owned/Included, Parking, Private Dock, Up to 60 Ft Boat
Floor
Ceramic Floor, Terrazzo Floors, Tile Floors, Wood Floors
Lease Term
Annual Lease, Gross Rent Shown, Long Term Lease, Month To Month Lease
Water Front
Canal Front, Canal Width 121 Feet Or More, Canal Width 1-80 Feet, Canal Width 81-120 Feet

Similar Listings