Interior
- Bathrooms
- 0
Active · MixedUse
$1,400,000
1215 W Ave Parking, Miami Beach, FL 33139
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 2016
- Lot size
- 4,097 sq ft
- HOA fee
- —
- Annual tax
- —
About this property
This parking garage is in the heart of South Beach in Miami Beach along West Avenue. Walking distance to Collins Avenue and the beach, and Lincoln Road and all its shopping. Along the way to either, you have all the other main streets, major restaurants and bars that fill the bustling area. The parking garage is situated on the ground floor of a boutique hotel. The parking received the right become public parking from the City or Miami Beach. With parking in high demand on the beach, this is an opportunity to capture the parking market in South Beach. The sale includes all the lifts already in place on two floors. Being in the heart and along a quite street, this is an opportunity to have a luxury service with a shuttle to and from the area to enhance the parking experience.
Property location
Get Directions1215 W Ave Parking, Miami Beach, FL 33139
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Facts & features
Exterior & Structure
- Property type
- MixedUse
- Year built
- 2016
- Lot size
- 4,097 sq ft
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Miami-Dade
- MLS listing ID
- A11995276
- 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
-$2,740
- Cap rate
- 3.3%
- Net yield
- 3.3%
- Cash-on-cash return
- -8.4%
- Gross yield
- 6.6%
- Mortgage payment
- $6,637/mo
- Down payment
- $350,000
- Loan amount
- $1,050,000
- Annual NOI
- $46,760
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.