Art Deco Portfolio in South Beach, Florida 33139

 
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Fernando Ferro

Miami Prime Location

Office Phone: 786-325-8579

Cell Phone: 786-3258-579

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Published on: Saturday, January 31, 2015 12:10:12 PM
Updated on: Saturday, January 31, 2015 12:10:12 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Florida-40963

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 0%

Year Build: 2015

 

Building Size: 2,815 SqFt

Lot Size: 0 Acre

No of Stories: 0

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: This portfolio consists of 4 condos in South Beach. All are located in Art Deco buildings full of charm and poised to appreciate due to the laws of supply and demand.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 5

Commission Split (%): 3

Recent Business Opportunities:

Business Services:
Company Category Service Name Recurring Required Period Cost
Accredited Title Group Title Services Title Services No 12 month(s) $895.00
Recent business services opportunities. View all

 

Complete Details


Year Build: 2015

Building Size: 2,815 SqFt.

No of Stories: 0

Total Lot Area: 0.00 Acre

No of Parking: 0

No of Total Units: 0

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Heating and Cooling

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 0%

Full Description


This portfolio consists of 4 condos in South Beach. All are located in Art Deco buildings full of charm and poised to appreciate due to the laws of supply and demand. 221 Collins Ave. is a fully renovated 2BR/2BA in the prestigious South of Fifth neighborhood only 2 blocks to the ocean. With added square footage, washer/dryer in the unit and best of all an outdoor space right off the kitchen, this unit is currently on the market for $399,900. Market rent approximately $2,100. 635 12 St. is also a 2BR/2BA unit, very centrally located just off Flamingo Park and also about 2 blocks to the ocean. Also completely renovated, with a washer and dryer inside the unit. The building is very charming and the unit has lots of natural light. This unit as well as the one below are currently on the market asking $274,900 and market rent is approximately $1,800. 1342 Drexel Ave. is also a 2BR/2BA unit, completely renovated, and a corner unit with lots of natural light. This unit is also just off Flamingo Park, about 2 blocks to the ocean, & within the portfolio is the closest unit to Lincoln Road. 842 Meridian Ave. is a 1BR/1BA fully renovated corner unit with lots of natural light and centrally located in the heart of South Beach. Location, Location, Location...all are located within the historic district of South Beach, 3 in the Flamingo Park neighborhood and 1 in the South of Fifth neighborhood. Property description has the addresses for your Googling pleasure.

Additional Properties


Property Other Use
  • Charming, Art Deco Buildings
  • Completely Renovated
  • Strong Rents and Demand
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