Interior
- Bathrooms
- 0
- Cooling
- Central Air
- Heating
- Central, Electric, Gas, Space Heater
Active · BusinessOpportunity
$189,000
310 71st St, Miami Beach, FL 33141
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1937
- Lot size
- —
- HOA fee
- —
- Annual tax
- $86,367
About this property
Owner does not have time to take care of the restaurant and wants to sell. fully renovated restaurant located just half a block from the beach. The property was completely updated one year ago, including a refurbished and upgraded 10’ hood and walk-in cooler. All equipment has been replaced with brand-new units. The space features an exquisite, modern design throughout the entire dining area. Seating includes 34 approved indoor seats, plus a recently reapproved Certificate of Use (CU) for 12 outdoor seats. Low rent for the area $9,900.
Property location
Get Directions310 71st St, Miami Beach, FL 33141
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Facts & features
Exterior & Structure
- Property type
- BusinessOpportunity
- Year built
- 1937
Parking
- Covered spaces
- 0
HOA, Community & Financials
- Annual tax
- $86,367
- County
- Miami-Dade
- Days on market
- 257
- MLS listing ID
- A11943446
- Listing status
- Active
Virtual tour
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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
-$7,267
- Cap rate
- -40.5%
- Net yield
- -40.5%
- Cash-on-cash return
- -164.8%
- Gross yield
- 6.6%
- Mortgage payment
- $896/mo
- Down payment
- $47,250
- Loan amount
- $141,750
- Annual NOI
- -$76,458
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.