Price Reduced 1.43%

$3,450,000 ($635.83 per sqft)

Est. Mortgage $17,901/mo *

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Price History

$3,500,000
9/3/2024

$3,450,000
10/3/2024

$3,500,000
10/4/2024

$3,450,000
10/18/2024

1150 8th St, Miami Beach, FL, 33139

1150 8th St, Miami Beach, FL, 33139
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1948

Fourplex

5,426 sqft

Steps away from 500 Alton Project, 3 Acre Park Coming To Alton Road 4 Unit Multi-Family on Alton & 8th Street, on the same block as the New Baptist Health Center in Miami Beach. AAA Location - IDEAL for Owner Users, Developer or Investors. Flexible CD-2 Zoning allows for Medical Offices / Retails / Hotels / Short Term Rentals, and Other Commercial Uses. High Traffic Count Intersection & Close to Major Retailers. FAR 2.0 = Develop 15,000 sqft 5 story building. Total Monthly income: $15,700, move in 5.3% CAP Rate with potential upside on the rents! Tenants Pay all expense. the only thing landlord pays is monthly gardening fees, along with taxes and insurance annually! All Units come furnished with inventory list, they are all the exact same on the interior!

Status:

Active

Type:

Multi-family

Zoning:

6400

Subdivision:

OCEAN BEACH ADDN NO 3

Heating:

Other

Cooling:

Wall/Window Unit(s)

Est. Taxes:

$37,946

Construction

Brick,Block

Utilities

Cable Not Available

Lot Description:

< 1/4 Acre

Days on Market:

30

Pool:

None

MLS #:

A11652726

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of Alexandria Realty Group LLC Phone: 641-340-0089