Description
Miami Beach, FL 8-unit multifamily apartment building plus ability to build 4 to 5 units in the excess land on the back. The Agapi Apartments is a value-add play to build addition income while holding the current income. The development rights are a bonus value of $266,400 to $333,000 in land value. Property is a mix of 4 - One beds & 4 - furnished studios. Short term rentals NOT allowed. Not zoned for Short term rentals. Comes with a storage structure in back and 5 parking spaces. Please see attached P&L, building amenities & updates review, as well as the OM and development analysis by "Studio X"-Architects. Text agent for tenant-covid-friendly-videos of interiors of units.
Location
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Courtesy of: Douglas Elliman MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 21st May, 2022 5:50 AM (UTC)
