SOUTH BEACH APARTMENT BUILDING
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Historic Mediterranean apartment building in prime South Beach location. Two & a half blocks from the ocean, and a short walk to South Beach¿s stores, clubs and restaurants. An excellent condo conversion candidate, rich in South Beach charm. Built in 1925 and totally renovated in 1988 including kitchens, baths, electric, and plumbing. All 21 units have central air conditioning.
21 Units:
4 ¿ Studios / 1 bath 14 - One Bedroom/ One Bath 2- two Bedroom / One bath 1 ¿ two bedroom / Two baths
Building Size: 13,900 gross square feet, Lot Size: 50 x 150, 7500 square feet // Zoning: RO- Residential ¿ Office // Built 1925 Gross Income: $243,923.
Projected Operating Expenses: $145,174 Projected Net Operating Income: $ 145,174.
21 Units:
4 ¿ Studios / 1 bath 14 - One Bedroom/ One Bath 2- two Bedroom / One bath 1 ¿ two bedroom / Two baths
Building Size: 13,900 gross square feet, Lot Size: 50 x 150, 7500 square feet // Zoning: RO- Residential ¿ Office // Built 1925 Gross Income: $243,923.
Projected Operating Expenses: $145,174 Projected Net Operating Income: $ 145,174.
- Lot Size: 50 X 150
- Type: Multi-Family Home
- Floors: Two or More Stories
- Year Built: 1925
- Central Air
- Laundry Room
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