Turn-key Investment Opportunity in hot North Beach! If you are looking for a hands off value play, this is it. This cash flowing corner property is surrounded by parks and positioned three blocks from the beach and just few minutes from the major employment

7746 Carlyle Ave, Miami Beach, FL 33141, USA

$1,350,000 USD
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Address7746 CARLYLE AVE, Miami Beach
Type of BusinessApartments, Residential-Multi-Family
Business LocationCorner Unit,Corner Lot
Property StyleIncome Non-Waterfront
Price$1,350,000
Previous Price$1,190,000 (5 days ago)
Property StatusActive
MLS NumberA10345608
Year Built1951
Folio Number02-32-02-007-2210
Gross Operating Income$83,762
Net Operating Income$63,121
Zoning InformationRM-1
Days on Market1458

Detailed Description: Turn-key Investment Opportunity in hot North Beach! If you are looking for a hands off value play, this is it. This cash flowing corner property is surrounded by parks and positioned three blocks from the beach and just few minutes from the major employment centers in South Florida, including Downtown Miami, South Beach, and Bal Harbour. The city of Miami Beach is investing $100M into the development of North Beach and it is a great time to buy this stable, income-producing asset and ride the wave of growth that is about to take off in this area. This well managed property features all updated units including new kitchens and baths, new roof, and on-site laundry and separate electric meters. 40 year certification completed in 2015! This is truly a hands-off cash cow.

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Address Information
StateFlorida
CityMiami Beach
CountyMiami-Dade County
Zip Code33141
Address7746 CARLYLE AVE
Business LocationCorner Unit,Corner Lot
Section2
Zip Code (4 Digits)2089
Google Location Info7746 Carlyle Ave, Miami Beach, FL 33141, USA
Financial Information
Price$1,350,000
Price per Foot$0
Previous Price$1,190,000
Folio Number02-32-02-007-2210
Gross Operating Income$83,762
Net Operating Income$63,121
Tax Amount$9,100
Tax Year2016
Possession InformationFunding
Full Descriptions
Detailed DescriptionTurn-key Investment Opportunity in hot North Beach! If you are looking for a hands off value play, this is it. This cash flowing corner property is surrounded by parks and positioned three blocks from the beach and just few minutes from the major employment centers in South Florida, including Downtown Miami, South Beach, and Bal Harbour. The city of Miami Beach is investing $100M into the development of North Beach and it is a great time to buy this stable, income-producing asset and ride the wave of growth that is about to take off in this area. This well managed property features all updated units including new kitchens and baths, new roof, and on-site laundry and separate electric meters. 40 year certification completed in 2015! This is truly a hands-off cash cow.
Year Built DescriptionResale
How to ReachOn corner of 78th St and Carlyle Av.
Roof DescriptionBarrel Roof, Built-Up
Floor DescriptionTerrazzo, Tile
Cooling DescriptionWall / Window Unit (s)
Heating DescriptionOther, Wall / Window Units
Water DescriptionPublic
Sewer DescriptionPublic Sanitation
Parking DescriptionOn Street
Property parameters
Total Acreage0.000
Zoning InformationRM-1
Year Built1951
Type of BusinessApartments, Residential-Multi-Family
StyleIncome Non-Waterfront
Construction TypeCBS Construction,Other
Stories Number1
Listed withUrban Resource LLC