Prime South Beach fourplex Close to Lincoln Rd; This fully occupied property features four spacious 2 bedroom, 1 bath units, all on month to month leasesideal for flexibility and rental upside. Market rents are estimated at $2,500/month, with a projected gross income of $120,000/year. Estimated expenses are around $35,000, offering a potential 5.31% cap rate. No HOA. Great investment in a high demand, walkable location in the heart of Miami Beach.
Prime South Beach fourplex Close to Lincoln Rd; This fully occupied property features four spacious 2 bedroom, 1 bath units, all on month to month leasesideal for flexibility and rental upside. Market rents are estimated at $2,500/month, with a projected gross income of $120,000/year. Estimated expenses are around $35,000, offering a potential 5.31% cap rate. No HOA. Great investment in a high demand, walkable location in the heart of Miami Beach.
Features
Building and Construction
Flooring: Tile
Roof: Built-Up
Eco-Communities
Water Source: Public
Utilities
Cooling: Wall/Window Unit(s)
Heating: Separate Meters, Window/Wall
Pets Allowed: Yes
Sewer: Public Sewer
Utilities: Cable Not Available
Finance and Tax Information
Home Owners Association Fee Includes: Trash
Tax Year: 2024
Other Features
Legal Description: BISCAYNE BEACH-2ND ADDN PB 46-39 LOT 37 BLK 12 LOT SIZE 50.000 X 100 OR 21470-1050 06 2003 1 COC 24784-3636 07 2005 1
Turnkey Quadplex Miami Beach! Fully renovated from top to bottom, this 4 unit property is a rare find. The building features a desirable mix of units: one 3 bed, 3 bath; one 3 bed, 2.5 bath; and two 2
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