USD 3,500,000

570 NE 68th St
Miami, Florida 33138

For Sale

Property Description

John DeMarco with Re/Max 5 Star Realty is pleased to present the sale of a 570 NE 68th St, Miami, Florida. This 8 unit multifamily building is located in an extremely desirable area within the upper east side district of Miami. It is in close proximity to Biscayne Blvd and only few minutes from Miami Beach. The physical property consists of 3,796 leasable SF, well situated on a large 7,200 sf lot. Once up and running as a vacation rental, this property is projected to generate over $300,000 annual gross income. Using a conservative $120 p/night rate and 20 days occupancy rate, projected net income will $257,256, which will provide an investor with a strong 7.35% capitalization rate at a full asking price.

Listed by RE/MAX 5 Star Realty

Property Details

ID #
A11058867
Status
Sale
Type
Commercial, Industrial
Zip Code
33138
Year Built
1937
Occupancy
Call Listing Agent
Type of Building
Apartments, Residential-Multi-Family
Utilities
Internet
Zoning Information
6107

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