Property Description
960 Biarritz Drive is a 14-unit stabilized and fully renovated apartment building in the heart of North Beach. The property is steps from the water and a 5 minute walk to the beach. North Beach is a growing market with a number of attractive retailers, restaurants, and new developments. All 14-units have tile flooring, full kitchens, and impact windows/doors. The property is being offered at a 6.13% existing cap rate and is fully leased with below market rents. The purchaser can likely increase rents. All leases have 60 day termination clauses.
Address Map
FL
Miami-Dade County
Miami Beach
33141
960 Biarritz Dr
W81° 52' 18.6''
N25° 51' 13.7''
MLS Addon
Commercialsale For Sale
960 Biarritz Dr, Miami Beach, Florida 33141
6,250 Sqft
$3,430,000
MLS # #A11482435
Basic Details
Property Type : Commercialsale
Listing Type : For Sale
Price : $3,430,000
Year Built : 1977
Lot Area : 6,250 Sqft
MLS # : A11482435
Property Sub Type : Multifamily