960 Biarritz Drive is a 14-unit stabilized and fully renovated apartment building in the heart of North Beach. The property is steps from the water and a 5 minute walk to the beach. North Beach is a growing market with a number of attractive retailers, restaurants, and new developments. All 14-units have tile flooring, full kitchens, and impact windows/doors. The property is being offered at a 6.13% existing cap rate and is fully leased with below market rents. The purchaser can likely increase rents. All leases have 60 day termination clauses.
Property Details
Price:
$3,430,000
MLS #:
A11482435
Status:
Active
Beds:
0
Baths:
0
Address:
960 Biarritz Dr
Type:
Commercial
Subtype:
Income/MultiFamily
City:
Miami Beach
Listed Date:
Oct 20, 2023
State:
FL
Finished Sq Ft:
6,574
ZIP:
33141
Year Built:
1977
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Schools
Interior
Exterior
Financial
Buyer Agent Compensation
2.5%%
Taxes
$31,118
Map
Community
- Address960 Biarritz Dr Miami Beach FL
- CityMiami Beach
- CountyMiami-Dade County
- Zip Code33141
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Courtesy of STL Advisors, LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Miami, FL. Detailed information about real estate listings held by brokerage firms other than Century 21 Carioti include the name of the listing broker. Neither the listing company nor Century 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Miami, FL. All rights reserved.
960 Biarritz Dr
Miami Beach, FL
LIGHTBOX-IMAGES