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

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1000 7th Street, Miami Beach, FL 33139

Active · Quadruplex

$4,100,000

1000 7th Street, Miami Beach, FL 33139

Beds
—
Baths
0
Living area
7,868 sq ft
$ / sq ft
$521/sq ft
Year built
1951
Lot size
—
HOA fee
—
Annual tax
—

About this property

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.

Property location

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1000 7th Street, Miami Beach, FL 33139

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Facts & features

Interior

Bathrooms
0
Living area
7,868 sq ft

Exterior & Structure

Property type
Quadruplex
Year built
1951

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Miami-Dade
MLS listing ID
A11975535
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

-$5,426

Cap rate
4.1%
Net yield
4.1%
Cash-on-cash return
-5.7%
Gross yield
7.4%
Mortgage payment
$19,436/mo
Down payment
$1,025,000
Loan amount
$3,075,000
Annual NOI
$168,120

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