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177 NE 50th Street - Buena Vista Manor, Miami, FL

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177 NE 50th Street - Buena Vista Manor

Miami, FL 33137 - Little Haiti South MF Submarket


Property Type:Multi-Family Number of Units:23 Status:Existing Year Built:1926
Stories:3 Building Size:12,423 SF Land Area:.16 AC (6,800 SF)
For Sale Price:$3,900,000 Price/Unit:$169,565.22 Cap Rate:5.57 % GRM:-

Parking:-


Charming hotel, built in 1926, and converted into apartments in the 1950's. Located at the edge of the booming Miami Design District and Biscayne Corridor, just half a block West of 2nd NE Avenue. Less than 10 minutes away from Downtown Miami. The proterty has 23 studio units with hardwood floors and the charm of New York 1920's style construction. Acreoos the street from the Arcgbishop Curly Notre Dame High School and Hebrew Home for the Aged.

Sale Notes:
Buena Vista Manor is a 23-unit apartment building located at 177 NE 50th Street in the city of Miami, which is in
Dade County, Florida. The property’s unit mix is comprised of 23 studios. Utilities such as water, sewer and trash
removal are included in the rent. The property was constructed in 1926 and it was completely rehabbed in 2013. Sale does not
include 6,380-square foot lot located at 160 NE 50 Terrace that could be used as parking for tenants of 177 NE 50
Street. Lot is for sale seperately for $350,000.
Building located in MIAMI DESIGN DISTRICT* neighborhood, just off of NE 2nd Avenue. The property is within a
one-mile radius of four high schools, three middle schools, six elementary schools, five bus stops, and is close to two gas
stations, two grocery stores, and over 20 restaurants.
Over the past few years the MIAMI DESIGN DISTRICT* has undergone major transformation into the ultimate
destination for cutting-edge fashion, art, design and culture. Stores like Bulgari, Celine, Cartier, Giorgio Armani,
Givenchy, Tiffany & Co, Valentino, Versace, Louis Vuitton and Harry Winston are already established in the
neighborhood but MIAMI DESIGN DISTRICT* expects to open the door to 200 additional high-end retail stores in
the next few years.
*MIAMI DESIGN DISTRICT is a trademark of Design Trademark Holdings, LLC.

Marcus & Millichap Inc
Arthur D Porosoff
(786) 522-7058




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