960 Biarritz Dr Miami Beach, FL 33141
FOR SALE - Active
$3,430,000
$3,490,000
(1.7%)
Overview
- Status: Active
- Bed(s) No info
- Bath(s)
- Half Bath(s) 0
- Parking No info
- Size: 6,574 ft2/610.74 m2
- Price Per: $521.75 ft2/$5,616.10 m2
- Type: Commercial/Investment
- Built: 1977
- HOA: No info
- MLS Number: A11482435
- View No info
- On Site: 190 days
- Updated: Listing Refreshed: 183 Days Ago
960 Biarritz Drive is a 14-unit stabilized and fully renovated apartment building in the heart of North Beach. The property is steps from the water and a 5 minute walk to the beach. North Beach is a growing market with a number of attractive retailers, restaurants, and new developments. All 14-units have tile flooring, full kitchens, and impact windows/doors. The property is being offered at a 6.13% existing cap rate and is fully leased with below market rents. The purchaser can likely increase rents. All leases have 60 day termination clauses.
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 11/14/2023 | Price Reduced | $3,430,000.00 | 1.7% | $521.75 ft2/$5,616.10 m2 |
| 11/07/2023 | Listed | $3,490,000.00 | $530.88 ft2/$5,714.34 m2 |
Contact Information
Tracey Schmitt
Real Estate Advisor
Office: (305) 407-1657
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
This property is courtesy of the STL Advisors, LLC. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.