Commercial Real Estate Property For Sale In Miami Beach

960 Biarritz Dr Miami Beach, FL 33141
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$3,430,000

  • 1977 Year Built
  • Oct 20, 2023 Listing Date

MLS #

:

A11482435

Price

:

$3,430,000

Status

:

Listing Date

:

Oct 20, 2023

Square Footage

:

Not Available

County

:

Miami-Dade County

Square Footage

:

Not Available

Year Built

:

1977

Taxes

:

$31,118 Per Year

Waterfront

:

No

Virtual Tour

:

click here to view virtual tour

 

Remarks

:

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.

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