Miami Beach, FL 33139

Closed

$2,950,000

Est. Payment $15,701/mo

MLS Sheet Video

1946

Year Built

Stories

121

Days on Market

Description

Offered at a 6.6% Proforma Cap, the property is currently 75% occupied (3 vacancies). The property is part of a 10-property portfolio all located in South Beach. It can be purchased individually or as part of the portfolio. All units in the property are 1BR/1BA. It has over $450,000 in combined CapEx between the current and previous owner. Most CapEx has been focused in common area/exterior elements. There are also two fully-renovated units in the community.

Facts

MLS#: A11822861
Subdivision: —
Property Type: Commercial Sale
Property Sub Type: Income/MultiFamily
Year Built: 1946
Lot Size: 7,000 ft²
Sq. Ft.: —
Sq. Mt.: —
Price per sq. ft.: —
Price per sq. mt.: —
Stories: 2
Garage: —
Pool: —
Days on Market: 121 days
Listed: Jun 16, 2025
Last Updated: Mar 4, 2026
Price/Lot Sq.Ft.: $421/ft²

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Market insights for Miami Beach

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

July 2026

100/100

Buyers marketSellers market

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

3/4/2026	Sold	$2,950,000
6/16/2025	Listed for sale	$2,950,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

Miami Beach, FL 33139Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

Phyllis R. Miller Elementary School
PK,KG,1,2,3,4,5 · public · 0.4 mi
Tangerine Learning Center LLC
PK,KG,1,2,5 · private · 0.5 mi
The French American School of Miami
PK,KG,1,2,3,4,5 · private · 0.6 mi
Children's Village Montessori School & Daycare Center
PK,KG · private · 0.6 mi
Childrens Village Montessori
PK,KG · private · 0.6 mi
Archdiocese of Miami Virtual Catholic School
KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.8 mi
Miami Shores Presbyterian Church School
PK,TK,KG,1,2,3,4,5 · private · 1.0 mi
Bola Childcare Learning Center
2,3 · private · 1.1 mi
Morningside K-8 Academy
PK,KG,1,2,3,4,5,6,7,8 · public · 1.1 mi
Yvonne Learning Center
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 1.1 mi

Estimated Monthly Payment

$18,309/mo

Principal & Interest

$15,701

Property Tax

$2,458

Insurance

$150

HOA

Down Payment20% ($590,000)

Interest Rate7.00%

Loan Term30 years

Property Tax Rate1.00% (FL avg ~1.0%)

HOA / Maintenance$0/mo

Insurance$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Sales Associate | Sunland Group

(954) 604-3276 info@rangelyadames.com

Hablo Español

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