6955 Rue Vendome - Apartments FOR SALE
Miami Beach, FL 33141 |
6955 Rue Vendome
Miami Beach, FL 33141
HIGHLIGHTS
- Renovated/turnkey 6-unit multifamily/6 ASSIGNED PARKING SPACES steps from units (HUGE RENTER DEMAND) in HIGH DEMAND location
- Owner CAPEX since December 2023 over $75K (new main sewer line, 2 new ACs, etc.- ref OM)- +$200K since 2018
- Updated rent roll- Unit 1 renewal (3/2023-2024) increased $300/month to $1800 + unit 4 increased $350/month to $1850 and unit 2 leasing at $2,100/mth
- IN-PLACE NOI- $104,839.| 6% CAP w/additional upside rents + value-add (proforma +12.06% CAP).
- Proforma forecast w/4 units (total 10)- $241,500 GI equating to over $3.51M valuation at 6% CAP (2X $1.7M discounted price)
- COMPS AND COMPETITIVE MARKET ANALYSIS INCLUDED IN LISTING RANGE OF $350k/DOOR TO +$400k/DOOR (REF PAGE 3 PDF)
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
3552
STORIES
2
YEAR BUILT
1936
PARKING SPACES
6
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
02-3210-013-0670
