DECO LINDO & TROPIX APARTMENTS | 6844-6854 Harding Ave
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DECO LINDO & TROPIX APARTMENTS 6844-6854 Harding Ave
40 Unit Apartment Building $8,000,000 ($200,000/Unit) 4.30% Cap Rate Miami Beach, FL 33141
INVESTMENT HIGHLIGHTS
- LOCATED IN A+ LOCATION
- 59% UPSIDE IN RENTS
- 36/40 UNITS RECENTLY RENOVATED
- VERY STRONG RENTAL MARKET OF NORTH BEACH
- LOCATED IN A VERY WALKABLE AREA WITH A 93 WALK SCORE
- SECURED ENTRANCES
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License No. CQ1066435 (FL)
Kyle Matthews
License No. CQ1066435 (FL)
PROPERTY FACTS
| Price | $8,000,000 | Apartment Style | Low Rise |
| Price Per Unit | $200,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 4.30% | Building Size | 21,566 SF |
| No. Units | 40 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1941 |
| Property Subtype | Apartment |
| Price | $8,000,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 4.30% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 21,566 SF |
| No. Stories | 2 |
| Year Built | 1941 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | - | 350 - 530 |
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Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 02-3211-007-1130 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,454,279 |
PROPERTY TAXES
Parcel Number
02-3211-007-1130
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,454,279
ZONING
| Zoning Code | RM-1 (Multifamily) |
| RM-1 (Multifamily) |
CONTACTS
-
Gabriel Pena -
Austin Graham -
Connor Kerns -
Matthews Real Estate Investment Services
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DECO LINDO & TROPIX APARTMENTS | 6844-6854 Harding Ave
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