8430 Byron Ave, Miami Beach, FL 33141

$1,200,000
List Price
$1,200,000
MLS#
A10844031
Status
ACTIVE
Type
Commercial

Property Description

HUGE PRICE REDUCTION - LOWEST PRICED WATERFRONT BUILDING IN NORTH BEACH (MIAMI BEACH). 5 Unit Multi-family building located just 2200 steps from the ocean, and 3 blocks from North Beach Park. All units are FULLY rented, great investment property and positive cash flow. The property is partially renovated on the interior, but with more upgrades, investor can increase monthly rents. Over 121 FT of canal/water views, fit your boat up to 35 ft! Building freshly painted, new roof installed April 2020 with 10 year warranty. Updated seawall and well maintained landscaping. A MUST SEE! SELLER MOTIVATED. NOTE: Per the City of Miami Beach, this property is located in RM-1 Zone which allows the new owner to add 2 more floors to this building, creating 15 units total...(More units = More Income)

Additional Information

Days on Market
55
Waterfront Description
Canal Front, Canal Width 1-80 Feet, Canal Width 121 Feet Or More, Canal Width 81-120 Feet
Tax Amount
$16,000
Water Access
Building & Land, Equipment, Furniture/Fixtures, Leases, Common Dock, Dock Available, Dock Owned/Included, Parking, Private Dock, Up to 60 Ft Boat
Parcel Number
02-32-02-005-0080
Lot Size
7,500
Address
8430 Byron Ave, Miami Beach
Year Built
1951
Section
3
Special Information
Sale

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Calculator source: Real Geeks

Listing courtesy of Classic Real Estate Inc.