OFF MARKET INCOME PROPERTY OPPORTUNITY WITH POSITIVE CASHFLOW OF 6.5%.

July 8, 2022

1175 – 1185 98TH STREET BAY HARBOR ISLANDS, FLORIDA 33154

U$7,800,000.00

16 (1+1) Units | 4 (2+2) Units | 19,503 SF | Zoned RM-2

🇺🇸  Extensively renovated and equipped! We are glad to present this rare opportunity to acquire a unique 20-unit multifamily building, located within one of the safest and most desirable residential cities in the FL tri-county region. The property consists of 20 units, featuring a 16/4 mix of one bedroom (818 sf) and two bedroom (1019 sf) apartments, with 27 dedicated street parkings. 

This corner site is located steps away from all the amenities on Kane Concourse, and walking distance to Bal Harbor Shops, Surfside and the beach. This address offers access to the highly rated schools in Bay Harbor and the luxury lifestyle surroundings which command PREMIUM rents, and housing prices, in every kind of market and economy.

This property is an ideal investment opportunity for investors looking for a ready to occupy, low maintenance proposition, with a relevant redevelopment opportunity upside (zoned RM-2), which is trending in the Island. RENOVATION COMPLETION ON 7/30/22.


🇧🇷 Amplamente renovado e equipado! Temos o prazer de apresentar esta rara oportunidade de adquirir um edifício multifamiliar exclusivo de 20 unidades, localizado em uma das cidades residenciais mais seguras e desejadas da região tri-county da Flórida. A propriedade é composta por 20 unidades, com um mix 16/4 de apartamentos de um quarto (75 m2) e dois quartos (94 m2), com 27 vagas para estacionamento.

Este local de esquina está localizado a poucos passos de todas as comodidades em Kane Concourse e a uma curta caminhada das lojas de Bal Harbour, Surfside e da praia. Este endereço oferece acesso às escolas altamente cotadas em Bay Harbor e ao ambiente de estilo de vida luxuoso que comanda aluguéis PREMIUM e preços de moradias, em todos os tipos de mercado e economia.

Esta propriedade é uma oportunidade de investimento ideal para investidores que procuram uma proposta pronta a habitar, de baixa manutenção, com uma relevante oportunidade de remodelação upside (zoneamento RM-2), que é tendência na Ilha. CONCLUSÃO DA REFORMA EM 30/07/22.

More information
📞 786.302.2525 (WhatsApp)
📧 president@piquetrealty.com

Edit Search

  • Email Updates
  • Only Update me On
Close
Email Sent! Your email was sent successfully
Close
Register
  • Thank You For Registering

    Just a few more details so we can help you

    (All fields are required)

    When are you looking to purchase?
  • Thank You For Registering

    Just a few more details so we can help you

    (All fields are required)

    Need assistance with financing?
  • Thank You For Registering

    Just a few more details so we can help you

    (All fields are required)

    Need to also sell your property?
https://wnbfactory.com/images/totoslot138/ https://wnbfactory.com/images/slot303/ https://wnbfactory.com/images/totoslot4d/