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$4,100,000
Est. payment /mo
7,868 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,868 sqft
Price per Sqft $521
MLS Listing ID A11975610
HOA Y/N No
Year Built 1951
Annual Tax Amount $52,096
Tax Year 2025
Lot Size 7,500 Sqft
Property Sub-Type Multi Family
Property Description
SELLER IS LOSING MONEY & MOTIVATED. Welcome to Orange Blossom Place located in the HOTTEST new neighborhood in South beach, NOFI (N. of Fifth)!! RARE opportunity to own a Luxury Completely Renovated Turn-Key Investors Dream Income Producing Goldmine! Seller must sell and is prepared to lose money to give a lucky buyer the best deal. Mid-Century Modern meets Art Deco Masterpiece in this completely restored down to the studs 10 units, 2-story building, a large (7500 SFT) lot, most quiet, peaceful & safe street in all of S. Beach! ASSUMABLE SELLER FINANCING LOAN = $2,000,000 = ONLY 6% INTEREST ONLY = Term 3 Years. 10 UNITS (7 2BR & 3 1BR)= Renovations include new AC, HWH, plumbing, electrical panels, roof, modern kitchens w/ quartz counters, SS appliances, breakfast bar. Cool, hip and chic decor throughout including hotel quality baths w/ celebrity lighting, engineered wood floors easy to clean and durable. Washer & dryer in all units. 4 PRIVATE PARKING SPOTS. BBQ patio to enjoy! 40-year done in 2022! You won't need to spend a dime on repairs for a long time. Check the rent roll, financials and P&L in the additional documents. Cash deals will get the best price possible. Pics are virtually staged. Drive by - do not disturb tenants. Please ask us about the 3-2-1 approved lender buydown. Meaning you get an interest rate as low as 3%!
Location
State FL
County Miami-dade
Area 42
Zoning 3900
Interior
Heating Central, Electric
Cooling Central Air
Exterior
Total Parking Spaces 4
Private Pool Yes
Building
Lot Description Flood Zone
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Block
Others
Restrictions Zoning Restrictions
Tax ID 02-42-03-009-7640
Security Features Security Lights
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
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Listed by Keller Williams Capital Realty
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