900 S Miramar Ave - Apartments FOR SALE


Indialantic, FL 32903
$2,250,000 USD
321-722-0707
900 S Miramar Ave, Indialantic, FL for Sale
$2,250,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

900 S Miramar Ave
Indialantic, FL 32903


HIGHLIGHTS

  • Ocean Property
  • Value Add

OVERVIEW

Rare opportunity to acquire a vacant 12-unit multifamily property in Indialantic, FL, located just one block from the Atlantic Ocean in the South Of Fifth Ave district. This is one of very few apartment buildings in the area. Take advantage of the limited apartment supply and a persistent, growing demand from high income renters looking for housing near the beach. The property also has a 13 unit garage building, a highly desired feature that most other barrier island apartments do not offer. All units are in need of renovation. Buyer to conduct their own due diligence. Please contact broker to schedule a property tour.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$262 USD /SF

# OF UNITS

12

PRICE/UNIT

$187,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

R3

APN/PARCEL ID

27-38-31-EO-00035.0-0012.00

ASK ABOUT THIS PROPERTY

Blake WilsonLightle Beckner Robison, Inc.More Info
321-722-0707

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Blake WilsonLightle Beckner Robison, Inc.More Info
321-722-0707

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.