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Commercial Real Estate

Basics

  • Lot Size Units: Square Feet
  • Building Name: 6860 Abbott, 6860 Abbott
  • Category:
  • Type:
  • Status:
  • Bathrooms: 0
  • Year built: 1947
  • MLS ID: A11223028

Description

  • Description:

    Huge price reduction!!! Phenomenal opportunity 10 units multi-family is located at 6860 Abbott Ave in the North Beach neighborhood in Miami Beach. Building is fully occupied and generates positive cash flow and income from day one!! Over 6.2% CAP at asking price!!!
    Please see Broker Remarks.

    Show all description

Property details

  • Total Building Area: 7370
  • Number of Buildings: 1
  • Lease Term: 12 Months
  • Lot Size Square Feet: 6150
  • Parcel Number: 02-32-11-001-0550
  • Possession: Closing & Funding
  • Road Frontage Type: City Street
  • Lot Size Area: 6150
  • Structure Type: Apartment,Multi Family

Property Features

  • Parking Features: On Street
  • Security Features: Fenced,Security Lights
  • Construction Materials: Block
  • Cooling: Wall/Window Unit(s)
  • Cooling Y/N: 1
  • Covered Spaces: 0
  • Flooring: Tile
  • Sewer: Other
  • Waterfront Y/N: 0
  • Water Source: Public
  • Stories: 2

Location Details

  • County Or Parish: Miami-Dade County
  • Zoning Description: 3900

Fees & Taxes

  • Tax Annual Amount: 22631
  • Tax Legal Description: ATLANTIC HGTS PB 9-14 LOT 8 BLK G LOT SIZE 50.000 X 123 OR 19480-3534 01 2001 1

Miscellaneous

  • Public Survey Township: 2
  • Public Survey Section: 11
  • Syndication Remarks: Ten units multifamily located in Miami Beach. Building fully occupied, generates positive cash flow / ncome from day 1 Over 6.2% CAP at asking price!
  • Gross Scheduled Income: 188400
  • Net Operating Income: 113983
  • Tenant Pays: Electricity
  • Year Built Details: Resale

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This -type commercial real estate is located in Abbott Ave, Miami Beach, was built in 1947, and is listed at $2,089,000.

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