Loading map…
South Beach, Miami Beach, FL 33139
Property Type
Multi Family
Year Built
1947
Listing courtesy of Fernando Arencibia JR. of Avanti Way Commercial.
Unique opportunity to acquire this Land Lease with excellent income-producing 14-unit multifamily building in the heart of South Beach. Building offers a healthy unit mix, fully rented, low expenses, quality long-term tenants. Favorable land lease structure expiring in 20 years, low fixed annual lease payment for the entirety of the lease term with no escalations! NEW ROOF! Completed December 2024. Great cap rate in a strong rental market with upside on rents, financing opportunities available. Located in the heart of South Beach and the historic Art Deco District, ideally situated just steps away from the world-famous Lincoln Road and its promenade of 200+ retail shops, restaurant and cafes. Building is well-kept and well-managed. Financials available upon request.
0.18 Acres
Miami Beach
A11975379
South Beach
Multi Family
1947
Multi Family
14
2
Two
1947
3900
South Beach
florida
On Street
Total$8,911.53/Month
*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.
South Beach, Miami Beach, FL, is a lively coastal neighborhood known for its iconic beaches, historic Art Deco architecture, and vibrant social and cultural scene. Expansive sandy shores and clear…
Information is deemed reliable but is not guaranteed and should be independently verified.