960 Biarritz Dr - Apartments FOR SALE


Miami Beach, FL 33141- Normandy Isles
$3,330,000 USD
773-750-3320
960 Biarritz Dr, Miami Beach, FL for Sale
$3,330,000 USD
Apartments - FOR SALE
1/34
null | 6.26% Cap Rate

960 Biarritz Dr
Miami Beach, FL 33141
Normandy Isles


OVERVIEW

STL Commercial has been exclusively retained for disposition of 960 Biarritz Drive, a 14-unit stabilized and fully renovated apartment building in the heart of North Beach. The property is steps from the water and a 5 minute walk to the beach. North Beach is a growing market with a number of attractive retailers, restaurants, and new developments. All 14-units have tile flooring, full kitchens, and impact windows/doors. The property is being offered at a 6.26% existing cap rate and is fully leased with below market rents. The purchaser can likely increase rents. All leases have 60 day termination clauses.

FOR SALE DETAILS

PRICE

$3,330,000 USD

PRICE/SF

$507 USD /SF

# OF UNITS

14

PRICE/UNIT

$237,857

CAP RATE

6.26%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully-Occupied & Renovated Apartment Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,250 SF

ZONING

RM-1

APN/PARCEL ID

02-3210-013-0760

ASK ABOUT THIS PROPERTY

Sam SchwartzSTL CommercialMore Info
773-750-3320

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Sam SchwartzSTL CommercialMore Info
773-750-3320

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