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Multi Family - OCEAN BEACH ADDN NO 3 for Sale

1150 8TH ST, MIAMI BEACH, FL 33139

Asking Price$2,980,000 Change Price$20,000

  • Days on market:

    192 day(s)
  • Adjusted Area:

    4781 sqft
  • Original Price:

    $3,500,000
  • Price per sqft:

    $549.21
  • Tax Legal Description:

    OCEAN BEACH ADDN NO 3 PB 2-81 LOT 16 BLK 106 LOT SIZE 7500 SQ FT M/L
  • Tax Year:

    2024
  • Property Type:

    Multi Family
  • Style:

    Fourplex
  • Construction Type:

    Concrete Block With Brick
  • Roof:

    Shingle
  • Cooling Description:

    Wall/Window Unit(s)
  • Heating Description:

    Other
  • Floor Description:

    Vinyl
  • Lot Features:

    Less Than 1/4 Acre Lot
  • Type of Association:

    None

Description

$2,980,000 • living size area 5426 sqft

Steps away from 500 alton project, 3 acre park coming to alton road 4 unit multi-family on alton & 8th street, on the same block as the new baptist health center in miami beach. aaa location - ideal for owner users, developer or investors. flexible cd-2 zoning allows for medical offices / retails / hotels / short term rentals, and other commercial uses. high traffic count intersection & close to major retailers. far 2.0 = develop 15,000 sqft 5 story building. total monthly income: $15,700, move in 5.3% cap rate with potential upside on the rents! tenants pay all expense. the only thing landlord pays is monthly gardening fees, along with taxes and insurance annually! all units come furnished with inventory list, they are all the exact same on the interior!

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