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!
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 private parking spots. Bbq patio to enjoy! 40-year done!