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- LoopNet Team
8025 Byron Ave
Miami Beach, FL 33141
Build-to-Rent Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Great location on North Beach a few blocks from the sand and beaches
- Perfect for an investor that wants to enter the Miami Beach market
- Some units already upgraded and renovated
- 1 two bedrooms/two bathrooms, 2 one bedrooms/one bathroom and 3 studio apartments
- Walking distance to Collins Avenue, North Shore Park Beach and North Beach
- Building recently upgraded
PROPERTY FACTS
| No. Units | 6 | Total Plot Size | 0.13 ac |
| Property Type | Build-to-Rent | Property Size | 3,682 sq ft |
| Property Subtype | Apartment | Average Occupancy | 83% |
| Apartment Style | Low-Rise | No. Floors | 1 |
| Costar Property Class | C | Year Built | 1950 |
| Use Class | RM-1 - 0407 RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL | ||
| No. Units | 6 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.13 ac |
| Property Size | 3,682 sq ft |
| Average Occupancy | 83% |
| No. Floors | 1 |
| Year Built | 1950 |
| Use Class | RM-1 - 0407 RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL |
ABOUT 8025 BYRON AVE , MIAMI BEACH, FL 33141
The property consists of a 6-unit condominium in Miami Beach. There are 1 two-bedroom, 2 one bedroom and 3 studio apartments. All units have full kitchens and have been partially upgraded over the last few years. With Miami’s middle-income beach town rental market continuously decreasing due to the development of hotels and condominiums the property has a high demand for rental clients. The property also sits on approximately 5,650 square feet of land, which may offer the opportunity to redevelop the property at some time in the future, taking advantage of the property’s close proximity to the beach and tourist attractions. The building has been recently upgraded with Miami Dade County approved impact windows and doors.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 2 | £1,350 | - |
| Studios | 3 | £887.50 | - |
| 2+2 | 1 | £1,695 | - |
PROPERTY TAXES
| Parcel Number | 02-3202-007-1320 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £749,319 |
PROPERTY TAXES
