19 APARTMENT UNITS/ DEVELOPMENT-21902

Multifamily / Garden Apartments / 6055 INDIAN CREEK DRIVE , Miami Beach Florida 33140

 
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Richard Harvey

Capital Commercial Real Estate Group

Office Phone: 954-455-3366241

Cell Phone: 954-279-6243

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Published on: Monday, June 16, 2014 3:46:15 PM
Updated on: Monday, June 16, 2014 3:46:15 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Florida-30825

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 100%

Year Build: 0

 

Building Size: 10,685 SqFt

Lot Size: 0 Acre

No of Stories: 2

No of Parking: 0

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: Capital Commercial Real Estate Group, Inc. is pleased to present two contiguous two-story, concrete block buildings, with 8 and 11 units. (Tax records indicate 8 and 12). Washer/Dryer in each building. Tenants pay all electric. Deferred maintenance and low rents give the opportunity to spruce up and increase income. True value lies in the future development opportunity in this prime development area. Smack in the middle of Miami Beach, close to new Hilton and surrounded by new, high-end residential and hotel development. Walking distance to beach, shopping, dining, etc. Rental units provide income until new development takes over.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 0

Commission Split (%): 2

Complete Details


Year Build: 0

Building Size: 10,685 SqFt.

No of Stories: 2

Total Lot Area: 0.00 Acre

No of Parking: 0

No of Total Units: 19

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 100%

Full Description


Capital Commercial Real Estate Group, Inc. is pleased to present two contiguous two-story, concrete block buildings, with 8 and 11 units. (Tax records indicate 8 and 12). Washer/Dryer in each building. Tenants pay all electric. Deferred maintenance and low rents give the opportunity to spruce up and increase income. True value lies in the future development opportunity in this prime development area. Smack in the middle of Miami Beach, close to new Hilton and surrounded by new, high-end residential and hotel development. Walking distance to beach, shopping, dining, etc. Rental units provide income until new development takes over.

Additional Properties


Property Tenants
  • ULLY RENTED
Property Highlights
  • DEVELOPMENT LOTS

Actual - Cash Flow


Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2013
$141,548.00
$0.00
$37,340.00
$104,208.00
$0.00
0%
Cash Flow for Current Listings
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