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153
Home61's Closings in
South Beach
Amenities
Key features
Living area
8,140 sqft
Maintenance
$ 0
Tax
$33,824 (2024)
Tenant Occupied
No
Parking Space
0
Floor #
0 / 2
Building
OCEAN BEACH ADDN NO 3
On market
7 days
$ /sqft
$ 430
Type
apartment
Unit
-
Year Built
1948
Zip Code
33139
Ref./MLS ID
A11758768
DESCRIPTION
Exclusive investment opportunity in miami beach
almost completely renovated 12-unit, 8,140 sf low-rise building seamlessly blends historic charm with modern appeal, offering investors a prime multifamily asset in a prestigious location. Property highlights:
? turnkey investment – fully renovated with new roof (august 2024)
? strong rental history – 95% occupancy rate, ensuring stable cash flow
? unit mix & sizes: 8 studios (avg. 500 sf) – rented at $1,650/month - 4 one-bedroom units (avg. 700 sf) – rented at $2,100/month
? recertification passed – fully compliant and up to code
? projected cap rate: 6. 76% upon rental completion
art deco` district
Data is provided by Miami Board of Realtors.
Public transportation
Washington Av & 12 St
123
C
2 mins
Washington Av & 11 St
123
C
2 mins
Washington Av & 13 St
120
123
150
C
3 mins
Washington Av & 9 St
120
123
150
C
3 mins
Nearby School In South Beach
Data Provided by greatschools.org
Neighborhood
South Beach
- fashion
- beach
- ocean
- nightlife
- party
- restaurants
- bars
- condos
- ocean front homes
- luxury
- miami
Listed on March 07, 2025 by Fabrizio Passatore from The Keyes Company, this apartment is for sale. apartment for sale in South Beach listed at $3,500,000, Reference A11758768
The multiple listing information is provided by Miami Board of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2025 Miami Board of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
The multiple listing information is provided by Miami Board of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2025 Miami Board of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.