USD 1,990,000

751 Euclid Ave
Miami Beach, Florida 33139

For Sale

Property Description

Miami Beach, Florida 13 potential units! Existing 2-story 8-unit multi family apartment building & value add opportunity to build 5 more units in the back yard for a total potential 13 units. The Agapi Apartments represent a unique opportunity to develop more income producing rentals with ease of access from both Euclid Ave and the back alley. Located blocks to the beaches & Ocean on Euclid Ave. Unit mix of 4 - One-bed & 4 - Studios valued at $200,000 per door & the 5 potential units to be developed valued at $66,667/door land-cost combined = potential value of $1.934 mm +/-. Zoning & Development analysis by "Studio X" architects. Please see the attached Offering Memorandum ("OM") & Comps for details. Potential Seller-Financing with 50% + down.

Listed by Douglas Elliman Real Estate - 5555 Biscayne Blvd

Property Details

ID #
A10913162
Status
Sale
Type
Commercial, Industrial
Zip Code
33139
Lot Area
6,970ft2
Year Built
1935
Parking Spaces
5
Building Feature
Air Conditioning, Smoke alarms
Ground Feature
Fenced
Water Source
City/mains water
Septic
City sewer
Construction
Concrete Block Construction
Floor
Wood Floors
Heating
Wall/Window Units
Location
City Location
Occupancy
Tenant Occupied
Road Frontage
City Road
Type of Building
Commercial/Residential Income, Residential-Multi-Family
Utilities
Internet
Zoning Information
3900

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