Olsen Hotel Condo | 7300 Ocean Ter
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Olsen Hotel Condo 7300 Ocean Ter
40 Unit Apartment Building $55,000,000 ($1,375,000/Unit) Miami Beach, FL 33141
INVESTMENT HIGHLIGHTS
- The property is in the perfect location. Undergoing major City project upgrades & improvements to the Ocean Terrace Park area.
EXECUTIVE SUMMARY
Ocean Front Condo Hotel. Miami Beach hottest spot! Fronting sandy beaches and clear unobstructed views of the ocean and North Beach Park. Just across from "Bandshell", Community Center, volleyball and tennis courts. Art Deco building with 39 condominium units in excellent condition plus retail restaurant on first floor. Undergoing major City project upgrades & improvements to the Ocean Terrace Park area. Unique opportunity, don't miss out, won't last!
Call Silvina with questions and for appointments: 201-334-7703
Call Silvina with questions and for appointments: 201-334-7703
PROPERTY FACTS
| Price | $55,000,000 | Building Class | C |
| Price Per Unit | $1,375,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 14,445 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 100% |
| No. Units | 40 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1940/2024 |
| Property Subtype | Apartment | Parking Ratio | 0.48/1,000 SF |
| Apartment Style | Low Rise |
| Price | $55,000,000 |
| Price Per Unit | $1,375,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 14,445 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1940/2024 |
| Parking Ratio | 0.48/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 40 | - | - |
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Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $600,778 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$600,778
ZONING
| Zoning Code | RM-1 (Residential, Multi-Family) |
| RM-1 (Residential, Multi-Family) |
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Olsen Hotel Condo | 7300 Ocean Ter
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