1115 Euclid Ave
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1115 Euclid Ave
16 Unit Apartment Building $4,480,000 ($280,000/Unit) 4.53% Cap Rate Miami Beach, FL 33139
Investment Highlights
- Miami Beach ART Deco District.
- Strong Rental Market
- Walking distance from the best beach in the world
Executive Summary
Dalan Realty is proud to present "Euclid Miami Apartments", a 16 Unit Apartment complex located in Miami Beach, Florida. Most of the units has been renovated in the interiors. The building feature improvements such as impact windows and new roof (2024). 40
year Certification passed on March 2020, next certification on March 2030.
Unit Mix includes 16 one bedroom units. Rent Average $1,750. Wall Unit AC and smoke alarms on each unit.
year Certification passed on March 2020, next certification on March 2030.
Unit Mix includes 16 one bedroom units. Rent Average $1,750. Wall Unit AC and smoke alarms on each unit.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,480,000 | Building Class | C |
| Price Per Unit | $280,000 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 7,920 SF |
| Cap Rate | 4.53% | Average Occupancy | 94% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2021 |
| Property Subtype | Apartment | Parking Ratio | 0.38/1,000 SF |
| Apartment Style | Low Rise |
| Price | $4,480,000 |
| Price Per Unit | $280,000 |
| Sale Type | Investment |
| Cap Rate | 4.53% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 7,920 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2021 |
| Parking Ratio | 0.38/1,000 SF |
Unit Amenities
- Air Conditioning
- Oven
- Freezer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | 490 |
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Walk Score ®
Walker's Paradise (97)
Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 02-4203-009-1081 | Total Assessment | $3,370,000 (2024) |
| Land Assessment | $1,610,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,760,000 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
02-4203-009-1081
Land Assessment
$1,610,000 (2024)
Improvements Assessment
$1,760,000 (2024)
Total Assessment
$3,370,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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1115 Euclid Ave
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