8% CAP RATE WITH $800K SELLER FINANCING, 6% INTEREST ONLY UP TO 7 YEARS! 12 UNITS (2-2BR, 4-1BR, 6-STUDIOS)= 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 12 units, 2-story building, a large (7000 SFT) lot, the most quiet, peaceful & safe street in all of S. Beach! Renovations include new AC, HWH, plumbing, electrical panels, roof, modern kitchens with quartz counters, SS appliances, breakfast bar. Cool, hip and chic decor throughout incl hotel quality baths with celebrity lighting, wood floors easy to clean and durable. Washer & dryer in all units. 4 PRIVATE PARKING SPOTS. BBQ patio to enjoy! Seller Financing = $800K @ 6% interest rate Existing Loan = $2.4M @ 4.125% interest rate Down Payment = $1,000,000 Price per door = $350,000 Only 4.6% "blended" interest rate This is an amazing deal, check the comps. We just sold 1000 7th St, Miami Beach, FL 33139 at $468,500 per door. We just sold 935 Meridian, Miami Beach, FL 33139 at $675,000 per door. This property is closer to the beach and offered at only $366K per door. You see what I mean? Check all the photos and attachments for all the info you need. We can also email you more info, just call or text me. All tenants on annual leases generating an 8%+ CAP RATE with full insurance. New rents in the area justify a 6% increase which pushes that closer to 8.5%. We have a full inspection report, check documents!! DO NOT DISTURB THE TENANTS PLEASE. SHOWINGS ARE NOT POSSIBLE.