Address Not Available By Request

    Miami Beach, FL 33141
    • $5,200,000
    • STATUS: Active
    • ON SITE: 36 days
    • MLS #: A10503167
    UPDATED: 81 min ago
    $5,200,000
    • 0
      BEDS
    • 0.39
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    32
    Type:
    Commercial
    Built:
    1950
    County:
    Area:
    32

    School Ratings & Info

    Description

    925-965 Marseille Drive features 27 renovated apartment units with over 200 feet on the water in MiamiBeach. All units have been completely renovated including new ceramic tiled flooringthroughout, new kitchen cabinets and countertops, updated bathroom vanities andtile, new air conditioners, new doors and windows, new electrical and plumbing andlandscaping. The 27 units are all one bedroom units averaging 647 square feet. The propertyis currently 100% occupied with a monthly rent roll of $34,750 per month or$417,000 per year. The in-place NOI is $265,000 (adjusted for property taxadjustment) a 5.2% cap rate.

    Monthly Payment Calculator



    Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2018-08-18T14:41:27.287.
    www.welovesouthflorida.com/homes/85553451

    Address Not Available By Request Miami Beach, FL 33141

    • Price: $5,200,000
    • Status: Active
    • Updated: 81 min ago
    • MLS #: A10503167
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.39
    Acres
    1950
    Built
    Neighborhood:
    32
    County:
    Miami-Dade
    Area:
    32
    Property Description
    925-965 Marseille Drive features 27 renovated apartment units with over 200 feet on the water in MiamiBeach. All units have been completely renovated including new ceramic tiled flooringthroughout, new kitchen cabinets and countertops, updated bathroom vanities andtile, new air conditioners, new doors and windows, new electrical and plumbing andlandscaping. The 27 units are all one bedroom units averaging 647 square feet. The propertyis currently 100% occupied with a monthly rent roll of $34,750 per month or$417,000 per year. The in-place NOI is $265,000 (adjusted for property taxadjustment) a 5.2% cap rate.
    Exterior Features

    Construction Type Cbs Construction Num Loading Doors 0 Num Parking Spaces 0 Waterfront Description Canal Front Waterfront Property Yn Yes

    Interior Features

    Interior Ceiling Height 8.0000 Maximum Ceiling Height 8.0000 Num Offices 0

    Property Features

    Approximate Lot Size 37000 Electric Service 110 Volts Power Flood Zone Ae For Lease Yn No For Sale Yn Yes Num Bays 0 Reo YN No Section 10 Short Sale Yn No Style Of Property Income Waterfront Tax Amount 22584 Tax Year 2017 Year Built Description Resale

    Listing courtesy of Cushman & Wakefield Of Florida.


    Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2018-08-18T14:41:27.287.
     
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