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Income/MultiFamily - for Sale

1000 7TH ST, MIAMI BEACH, FL 33139

Asking Price$4,750,000 Change Price$225,000

  • Days on market:

    60 day(s)
  • Original Price:

    $4,975,000
  • Tax Legal Description:

    OCEAN BEACH ADDN NO 3 PB 2-81 LOT 1 BLK 97 LOT SIZE 50.000 X 150 OR 16023-1241 0793 1 COC 26210-4069 01 2008 1
  • Tax Year:

    2024
  • Property Type:

    Income/MultiFamily
  • Parking:

    AssignedCommon On Street
  • Waterfront:

    Yes
  • Inclusions:

    Building & Land,Fixtures,Machinery, Furniture/Fixtures,Machinery
  • Lease Term Remaining:

    Annual Lease,Month To Month
  • Construction Type:

    Concrete Block Construction
  • Cooling Description:

    Central Individual A/C
  • Heating Description:

    Central Electric
  • Special Listing Conditions:

    Sale

Description

$4,750,000 • waterfront access

Just reduced $250,000. assumable seller financing loan = $2,000,000 = only 6.5% interest only = term 3 years. 1.5 points at close. 10 units (7 2br & 3 1br)= rare opportunity to own a luxury completely renovated turn-key investors dream income producing goldmine! mid-century modern meets art deco masterpiece in this completely restored down to the studs 10 units, 2-story building, a large (7500 sft) lot, most quiet, peaceful & safe street in all of s. beach! renovations include new ac, hwh, plumbing, electrical panels, roof, modern kitchens w/ quartz counters, ss appliances, breakfast bar. cool, hip and chic decor throughout including hotel quality baths w/ celebrity lighting, engineered wood floors easy to clean and durable. washer & dryer in all units. 4 parking. 40-year milestone done!

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