1300 Collins Ave | Miami Beach, FL 33139
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1300 Collins Ave
Miami Beach, FL 33139
The Alamac · Multifamily Property For Sale · 45 Units
Executive Summary
The historic Alamac is being brought to market for the first time in nearly 50 years. This property sits on the hard corner of 13th and Collins Avenue one block west of the world famous Ocean Drive. This property can be converted into a hotel, or a short term rental building. The existing building has significant in place income, which allows a developer to earn a return while entitling the property for another use to maximize the value. In addition to the apartments, the property also has ground floor retail spaces all of which are leased to short term tenants. The property also includes an on site management office, and pool. The property displays world class Art Deco finishes that need to be seen to be appreciated, including dade county pine and terrazzo floors. Call today to schedule a tour!
PROPERTY FACTS
| Price Per Unit | $500,000 | Apartment Style | Mid Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.16% | Lot Size | 0.48 AC |
| Sale Conditions | Redevelopment Project | Building Size | 51,600 SF |
| No. Units | 45 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 7 |
| Property Subtype | Apartment | Year Built/Renovated | 1934/2010 |
| Price Per Unit | $500,000 |
| Sale Type | Investment |
| Cap Rate | 4.16% |
| Sale Conditions | Redevelopment Project |
| No. Units | 45 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 51,600 SF |
| Average Occupancy | 100% |
| No. Stories | 7 |
| Year Built/Renovated | 1934/2010 |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Storage Space
- Heating
- Security System
- Tile Floors
- Kitchen
- Vaulted Ceiling
- Refrigerator
- Oven
- Sprinkler System
- Tub/Shower
- Views
- Freezer
- Loft Layout
- Patio
Site Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Pool
- Security System
- Disposal Chutes
- Storage Space
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | 600 |
| 1+1 | 11 | - | 750 |
| 2+1 | 11 | - | 1,000 |
| 2+2 | 12 | - | 1,000 |
PROPERTY TAXES
| Parcel Number | 02-3234-008-0940 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $9,350,000 |
PROPERTY TAXES
Parcel Number
02-3234-008-0940
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$9,350,000
zoning
| Zoning Code | MXE (mixed use) |
| MXE (mixed use) |
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