In the heart of South Beach. Suitable for renovation and conversion into luxury rentals or condos. Total of 6 units. Consists of two joined buildings on the same 7,000 sq. ft. lot. Front building, Art Deco, built in 1936, with 4 units, three 2/1 apartments and one 1/1 apartment. Rear building, built in 1965 with 2 units, one 2/2 apartment on the ground floor, and, unusual for South Beach, a 3/2 apartment with a den on the second floor. Both rear building units have screened patios. Total of 6 electric meters, one for each unit. The front building also has gas, with 4 individual meters. Three of the units are rented at below market rates with no leases, owner lives in one unit, two units are vacant. Convenient location, walking distance to the beach, South Beach nightlife, Biscayne Bay, Publix, Walgreen's, CVS, and target.