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3801 Indian Creek Dr
Miami Beach, FL 33140
Riverview Villas Condominium · Multifamily Property For Sale · 40 Units
PROPERTY FACTS
| No. Units | 40 | Lot Size | 0.19 AC |
| Property Type | Multifamily | Building Size | 10,655 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1940 |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 10,655 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1940 |
About 3801 Indian Creek Dr , Miami Beach, FL 33140
Riverview Villas at 3801 Indian Creek Dr offers a total of 40 doors for more than 10,655 Sq ft of living space plus spacious and bright ADA approved lobby with a designated hotel front-desk. The building is zoned to be a Hotel and all unit operate as vacation rentals with approved BTR'S from the city of Miami Beach. It is a great income producing building with an 11% CAP RATE based on $7.950,000 purchase price. The building is comprised of 3 stories with a spacious hall, lobby, laundry room as well a spacious storage room. The elevator is fully functional and it has been recently updated, the roof in good conditions. The building passed the 40 YR recertification and it sits on a 8320 Sq Ft water view lot.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+2 | 11 | - | - |
zoning
| Zoning Code | R2 |
| R2 |
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