Residential Income

WOW Great Renovated 8 Plex in South Beach located 1.5 blocks from Lincoln Rd and a walking distance to Ocean Drive and Beautiful South Beach Nightlife, shopping and Beaches. Currently used as apartment rentals, may want to consider converting to condos, Air B and B or other uses. The site was zoned RM-1, by the City of Miami Beach. The unit mix was four-one bedroom/one bathroom units, two-two bedroom/one bathroom units and two-two bedroom/two bathroom units. Currently at below appraised and assessed value, property was appraised by an independent certified appraiser in February 2020 @ $1.7 Million. 40 year certification done in February of 2018. WOW $246 per sq ft. WOW Great Renovated 8 Plex in South Beach located 1.5 blocks from Lincoln Rd and a walking distance to Ocean Drive and Beautiful South Beach Nightlife, shopping and Beaches. Currently used as apartment rentals, may want to consider converting to condos, Air B and B or other uses. The site was zoned RM-1, by the City of Miami Beach. The unit mix was four-one bedroom/one bathroom units, two-two bedroom/one bathroom units and two-two bedroom/two bathroom units. Currently at below appraised and assessed value, property was appraised by an independent certified appraiser in February 2020 @ $1.7 Million. 40 year certification done in February of 2018. WOW $246 per sq ft.