Clearview Condominiums | 7610 Byron Ave
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Clearview Condominiums 7610 Byron Ave
20 Unit Apartment Building $5,000,000 ($250,000/Unit) 6.07% Cap Rate Miami Beach, FL 33141
Investment Highlights
- Highly desirable corner block location in Miami Beach's North Shore District
- Steps to TownCenter, Nobe Central Park & Ocean Terrace
- Turn key investment with new electric, impact windows and gated courtyard
- Great unit mix - stable income - high walkability
Executive Summary
20 unit Multifamily for sale! Centrally located on a corner lot steps to beach, Ocean Terrace, Town Center, Schools, MB Tennis Center, North Beach Oceanside Park, as well as shops & restaurants. This turn-key investment opportunity features a mix of 1BD's and studios, fully renovated with impact windows, new electric service, gated entrance, inviting center courtyard, renovated hallways, upgraded interiors with wood-toned & bamboo flooring, granite countertops, SS appliances, PTAC units and more! Stabilized asset to watch investment increase in value as improvements in area are completed. Claim your piece in this highly sought after neighborhood in Miami Beach!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | $5,000,000 | Apartment Style | Low Rise |
| Price Per Unit | $250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 6.07% | Building Size | 12,062 SF |
| No. Units | 20 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1945/2022 |
| Price | $5,000,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 6.07% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 12,062 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1945/2022 |
Unit Amenities
- Air Conditioning
- Cable Ready
- Microwave
- Washer/Dryer
- Bay Window
- Kitchen
- Granite Countertops
- Stainless Steel Appliances
- Range
- Walk-In Closets
- Dining Room
- Vinyl Flooring
- Window Coverings
Site Amenities
- Courtyard
- Laundry Facilities
- Gated
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | $1,825 | 534 |
| 1+1 | 5 | $2,000 | 736 |
| 1+2 | 4 | $2,100 | 800 |
Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (79)
zoning
| Zoning Code | RM-1, Miami Beach (Multi-family Residential - rentals of 6 months or more) |
| RM-1, Miami Beach (Multi-family Residential - rentals of 6 months or more) |
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Clearview Condominiums | 7610 Byron Ave
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