Costantini VIP Realty

Serving the Miami-Dade, Broward and Palm Beach Counties

 

Property Description

Proforma 7.5% Cap Rate Value Add Portfolio of Four(4) Office Condominiums located directly on NE 167 Street, between I95 and Aventura in North Miami Beach. Two of the five units are currently leased, providing a base cash flow-oppty to create strong income renting the remaining units. Unit sizes range from 1,047 SF – 3,278 SF. Two units are medical offices. Units may be purchased individually. The Building is renovated completely including new elevator, hurricane impact windows & doors, lobby, hallways, floors, lighting. Excellent parking. This portfolio has significant upside potential, with below market rents.

Features
: Central Building A/c
: Central Building A/c
: Heavy Traffic, Elevator, Lobby, Private Restrooms, Automobile Traffic, Office, Inside Corridors, Manager On Premises
: City Location, Central Business District
: Covered, Common
: Security Lights
: Public Sanitation
Address Details
FL
Miami-Dade County
North Miami Beach
33162
909 N Miami Beach Blvd
0
Other
: Concrete Block Construction
351
: Building & Land, Furniture/fixtures
: 1 To 3 Year Lease
: All Cash
1
: Sale
5
: Commercial
$4,619
: Public
6400

Commercial Sale For Sale

909 N Miami Beach Blvd, North Miami Beach, Florida 33162

35,000 Sqft
$1,488,000
Listing ID #A11117301
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : A11117301
Price : $1,488,000
Year Built : 1970
Lot Area : 35,000 Sqft
Building Area : 25,000 Sqft
Status : Active
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