Basic Information

  • MLS # A10624860
  • Type Commercial / Business / Agricultural / Industrial Land
  • Style Multi Family
  • Status Sold
  • Subdivision/Complex NORMANDY BEACH SOUTH
  • Year Built 0
  • Total Sqft N/A
  • Date Listed 02/21/2019
  • Days on Market 69
Description

In the heart of North Beachs Town Center, this 10-unit multifamily waterfront property offers investors, immediate and long-term potential. The 2-story waterfront building is fully leased, includes parking, and has the potential for value add investing or a mixed-use redevelopment project. New zoning allows mixed uses such as residential, office, hotel, retail. 120 foot height limits and reduced parking requirements. with its TC-1 zoning. 10 one-bedroom units 4 units have been remodeled Below market rents can be raised Proforma with ove 7.5% returns In-place income More than 25,000 SF of Development Potential Value-add Opportunity Walkers Paradise 94 Walkscore

Exterior Features

  • Waterfront Yes
  • Pool No
  • Parking Spaces 0
  • Parking Description

Interior Features

  • Adjusted Sqft N/A
  • Sqft N/A

Property Features

  • Aprox. Lot Size 11,200
  • Furnished Info No
  • Listing Terms Cash,Conventional,Item1031Exchange,OwnerWillCarry,Other
  • Lot Description Item1Acre
  • Short Sale Regular Sale
  • HOA Fees N/A
  • Subdivision Complex
  • Subdivision Info NORMANDY BEACH SOUTH
  • Tax Amount $32,001
  • Tax Information NORMANDY BEACH SOUTH PB 21-54 LOT 5 & 6 LESS PART DEEDED FOR WIDENING 71 ST BLK 1 LOT SIZE 79.000 X 159 OR 16817-3486 0595 5 COC 24922-0444
  • Tax Year 2018
  • Terms Considered Cash,Conventional,Item1031Exchange,OwnerWillCarry,Other
  • Type of Property Multi Family
  • Water Description CanalFront,OceanAccess,Seawall

7110 Bonita Dr

Miami Beach, FL 33141

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