Malibu House | 235 77th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Malibu House 235 77th St
8 Unit Apartment Building $2,000,000 ($250,000/Unit) Miami Beach, FL 33141
Investment Highlights
- True value-add opportunity
- 45% rental upside from current rents
- High-barrier to entry market with strong fundamentals
- Potential to add 4 units
- Reposition into short-term rental for increased income
- Prestigious Miami Beach location and one block from Ocean Terrace Beach
Executive Summary
Colliers, as exclusive listing broker, is pleased to present the opportunity to acquire the Malibu House apartments, a true value-add repositioning property located at 235 77th Street in North Beach one block away from the Ocean Terrace Beach
Property Facts
| Price | $2,000,000 | Building Class | C |
| Price Per Unit | $250,000 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 3,520 SF |
| No. Units | 8 | Average Occupancy | 88% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1939 |
| Apartment Style | Low Rise |
| Price | $2,000,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,520 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1939 |
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 280 |
| 1+2 | 4 | - | 600 |
Walk Score ®
Very Walkable (86)
Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 02-3202-007-0150 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,155,556 |
PROPERTY TAXES
Parcel Number
02-3202-007-0150
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,155,556
zoning
| Zoning Code | RM-1, Miami Beach (Residential Multi-Family) |
| RM-1, Miami Beach (Residential Multi-Family) |
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Malibu House | 235 77th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.