19370 Collins Avenue, Sunny Isles Beach, FL 33160 — MLS photo

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19370 Collins Avenue, Sunny Isles Beach, FL 33160

Active · Quadruplex

$8,000,000

19370 Collins Avenue, Sunny Isles Beach, FL 33160

Beds
—
Baths
0
Living area
13,785 sq ft
$ / sq ft
$580/sq ft
Year built
1972
Lot size
—
HOA fee
—
Annual tax
—

About this property

Just reduced $200,000!!!! Incredible opportunity to acquire a 12-unit income-producing portfolio in highly desirable Sunny Isles Beach, Florida (owner have more units if needed or split this portfolio(no single units for sale)). All units located within multifamily 420-unit building that permits short Term Rentals. Units are Fully furnished, equipped and licensed for AirBnB, VRBO, Booking with the City of Sunny Isles and Condominium Association.The sale includes all the furnishing, equipment, electronics, decorations, supplies - anything that makes daily rentals possible.Full-service building features all amenities: heated pool, tennis courts, gym, mini-market, hair salon, boxing studio , valet service and 24h concierge. Each unit has Each unit has full kitchen and assigned parking space. Laundry Facilities are on each floor in Building. Cable, internet, Air Conditioner, hot and cold water are included in maintenance fees.Seller has excellent reviews on Bookong, AirBnB and vrboMore particular information to qualified Buyers with executed NDAs.

Property location

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19370 Collins Avenue, Sunny Isles Beach, FL 33160

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Facts & features

Interior

Bathrooms
0
Living area
13,785 sq ft

Exterior & Structure

Property type
Quadruplex
Year built
1972

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$0
County
Miami-Dade
MLS listing ID
F10426180
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$13,126

Cap rate
3.7%
Net yield
3.7%
Cash-on-cash return
-7.0%
Gross yield
7.0%
Mortgage payment
$37,924/mo
Down payment
$2,000,000
Loan amount
$6,000,000
Annual NOI
$297,580

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.