$3,250,000
$250K PRICE DROP

Estimated payment $20,522/month

Total Views 5,388
-- Bed
-- Bath
7,865 Sq Ft
$413 Price per Sq Ft

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Vinyl Flooring

About This Home

PRIME LOCATION 10-UNIT MULTI-FAMILY IN THE HEART OF MIAMI BEACH. Fully Renovated multifamily including interior upgrades, new electrical & plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and new roof (July 2025). Solid 1950 CBS construction with 10 2BR/1BA apartments with 5 private backyards. Prime North Beach location-three blocks to the ocean, near Collins/Harding. In-place rents around $2,100–$2,200/mo with renewal upside toward $2,400–$2,500. Turnkey cash flow with clear value-add from rent growth and neighborhood momentum. NOI $186789, Cap rate 5.62%. Pro format Cap Rate 6.13% Pro format NOI $203.889.Offering Memorandum available upon request.

Listing Agent

Eric Amsallem

Beachfront Realty Inc License #3185189 Listed on: 10/07/2025

Beachfront Realty Inc

Listing Agent

Eric Amsallem

Beachfront Realty Inc License #3185189 Listed on: 10/07/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,321

Year Built

  • Built in 1950

Home Design

  • Duplex
  • Flat Roof Shape
  • Tile Roof

Interior Spaces

  • 7,865 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring

Schools

  • Biscayne Beach Elementary School
  • Miami Beach Nautilus Middle School
  • Miami Beach High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Separate Meters
  • Cable TV Not Available

Listing and Financial Details

  • Assessor Parcel Number 0232020030310

Community Details

Overview

  • No Home Owners Association
  • Harding Townsite Subdivision

Building Details

  • Gross Income $261,840
  • Net Operating Income $190,863

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,321

Year Built

Built in 1950

Lot Details

0 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Year Built: 1950
  • New Construction: No
  • Structure Type: Duplex
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Flooring: Vinyl
  • Living Area: 7865.0
  • Stories: 2

Exterior Features

  • Pool Private: No
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Flat, Tile

Utilities

  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Separate Meters
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Not Available

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Biscayne Beach
  • High School: Miami Beach
  • Middle Or Junior School: Miami Beach Nautilus

Lot Info

  • Parcel #: 0232020030310
  • Mobile Dim Units: Feet
  • Zoning: 3900

Multi Family

  • Property Net Operating Income: 190863.0
  • Annual Gross Income: 261840.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 32321.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/07/2025 10/07/25 For Sale $3,500,000 -- $445 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: A11891783

BeachesMLS (Greater Fort Lauderdale)
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