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  • MLS® #: A11537022
  • N/a
  • Miami Beach, FL 33139-2342
  • $2,775,000
  • Business

1535 West Avenue is a 10-unit value-add property located in the heart of South Beach. The property has plans that are at the final stages of approval with the City of Miami Beach to commence a full renovation of the existing 8 units to a 10-unit property. The asset features walkable access to Lincoln Road, the beach, Flamingo Park and many more Miami Beach points of interest. The property currently has 8 units and has plans to renovate to 10 units. The 10 units will total 2 1/1 and 8 2/2. The cost to renovate the property is forecasted to be $750k or $75k/unit. Upon completion, rents are slated to be $2,750 for 1/1 and $3,650 for 2/2 which is in line with similar comparables. After renovations, the NOI is projected to be almost $275,000 which provide a return on cost north of 6.5%.

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Essential Information

  • MLS® #A11537022
  • Price$2,775,000
  • CAD Dollar$3,776,178
  • UK Pound£2,187,011
  • Euro€2,548,985
  • Bathrooms0.00
  • Acres0.00
  • Year Built1950
  • TypeBusiness
  • Sub-TypeMulti Family
  • StatusActive

Community Information

  • AddressN/a
  • Area32
  • CityMiami Beach
  • CountyMiami-Dade
  • StateFL
  • Zip Code33139-2342

Interior

  • # of Stories2
  • StoriesTwo
  • Office: Cbre, Inc.
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N/a on www.ww.jupiteroceanfrontcondos.us

Offered at the current list price of $2,775,000, this home for sale at N/a features 0 bedrooms and 0 bathrooms. This real estate listing is located in of Miami Beach, FL 33139-2342 . N/a is listed under the MLS ID of A11537022 and has been on the Miami Beach real estate market for 49 days.

Facts About Miami Beach, FL

Over the past 20 years, no American beach has generated as much buzz as the one that hugs Ocean Drive in Miami Beach. Fringed with palms, backed by Art Deco architecture and pulsating with urban energy, South Beach is the place to stretch out.

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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the REALTOR® Association of Greater Miami and the Beaches, and is updated as of May 16th, 2024 at 9:31pm CDT (date/time).

All information is deemed reliable but not guaranteed by the MLS and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Waterfront Properties and Club Communities shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2024 MLS of RAMB.

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