960 Biarritz Dr, Miami Beach FL 33141,Miami Beach,Miami-Dade County,Commercial Sale

  • $3,430,000
960 Biarritz Dr, Miami Beach FL 33141
Commercial Sale Active

960 Biarritz Dr, Miami Beach FL 33141,Miami Beach,Miami-Dade County,Commercial Sale

960 Biarritz Dr, Miami Beach FL 33141
  • $3,430,000

Overview

Property ID: A11482435
  • Income/MultiFamily
  • Property Type
  • 1977
  • Year Built

Description

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.

  • Address Biarritz Dr
  • City Miami Beach
  • State/county Miami-Dade County
  • Zip/Postal Code 33141

Details

Updated on November 14, 2023 at 10:09 pm
  • Property ID: A11482435
  • Price: $3,430,000
  • Year Built: 1977
  • Property Type: Income/MultiFamily
  • Property Status: Commercial Sale

Additional details

  • PublicSurveyRange: 32
  • TaxLegalDescription: OCEAN SIDE SEC ISLE OF NORMANDY PB 25-60 LOT 7 BLK 6 LOT SIZE 50.000 X 125 OR 19401-0108 1200 2 (2)
  • PhotosCount: 9
  • PriceChangeTimestamp: 2023-11-14T19:45:15.137Z
  • TaxAnnualAmount: 31118
  • BusinessType: Residential-Multi-Family
  • DualVariableCompensationYN: 1
  • StreetNumber: 960
  • StateOrProvince: FL
  • ParcelNumber: 02-32-10-013-0760
  • OtherExpense: 0
  • IDXParticipationYN: 1
  • InternetAddressDisplayYN: 1
  • PreviousListPrice: 3490000
  • StreetNumberNumeric: 960
  • PostalCodePlus4: 5665
  • NumberOfUnitsInCommunity: 0
  • SyndicationRemarks: 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.
  • BuildingAreaUnits: Square Feet
  • LotSizeSquareFeet: 6250

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