1000 7th St, Miami Beach, FL 33139 — MLS photo

Get More Info About This Property

1000 7th St, Miami Beach, FL 33139

Active · MultiFamily

$4,100,000

1000 7th St, Miami Beach, FL 33139

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1951
Lot size
7,500 sq ft
HOA fee
—
Annual tax
$52,096

About this property

SELLER IS LOSING MONEY & MOTIVATED. Welcome to Orange Blossom Place located in the HOTTEST new neighborhood in South beach, NOFI (N. of Fifth)!! RARE opportunity to own a Luxury Completely Renovated Turn-Key Investors Dream Income Producing Goldmine! Seller must sell and is prepared to lose money to give a lucky buyer the best deal. Mid-Century Modern meets Art Deco Masterpiece in this completely restored down to the studs 10 units, 2-story building, a large (7500 SFT) lot, most quiet, peaceful & safe street in all of S. Beach! ASSUMABLE SELLER FINANCING LOAN = $2,000,000 = ONLY 6% INTEREST ONLY = Term 3 Years. 10 UNITS (7 2BR & 3 1BR)= Renovations include new AC, HWH, plumbing, electrical panels, roof, modern kitchens w/ quartz counters, SS appliances, breakfast bar. Cool, hip and chic decor throughout including hotel quality baths w/ celebrity lighting, engineered wood floors easy to clean and durable. Washer & dryer in all units. 4 PRIVATE PARKING SPOTS. BBQ patio to enjoy! 40-year done in 2022! You won't need to spend a dime on repairs for a long time. Check the rent roll, financials and P&L in the additional documents. Cash deals will get the best price possible. Pics are virtually staged. Drive by - do not disturb tenants. Please ask us about the 3-2-1 approved lender buydown. Meaning you get an interest rate as low as 3%!

Property location

Get Directions

1000 7th St, Miami Beach, FL 33139

Loading property location…

Facts & features

Interior

Bathrooms
0
Cooling
Central Air
Heating
Central, Electric

Exterior & Structure

Property type
MultiFamily
Year built
1951
Lot size
7,500 sq ft
Construction
Block

Parking

Covered spaces
0
Parking features
Assigned, Common, On Street

HOA, Community & Financials

Security
Security Lights
Annual tax
$52,096
County
Miami-Dade
Days on market
227
MLS listing ID
A11975610
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

-$5,874

Cap rate
4.0%
Net yield
4.0%
Cash-on-cash return
-6.1%
Gross yield
6.6%
Mortgage payment
$19,436/mo
Down payment
$1,025,000
Loan amount
$3,075,000
Annual NOI
$162,744

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