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)
Listing courtesy of Classic Real Estate Inc.