Ocean Beach 1000 7th St Miami Beach, FL 33139

SOLD FOR
$4,685,000
$4,975,000 (5.5%)
Studio
Beds
7,868
Sq.Ft.

Overview

  • Status: Closed
  • Bed(s) No info
  • Bath(s)
  • Half Bath(s) 0
  • Parking No info
  • Size: 7,868 ft2/730.96 m2
  • Price Per: $597.36 ft2/$6,429.89 m2
  • Type: Multifamily
  • Built: 1951
  • HOA: No info
  • MLS Number: A11379562
  • View No info
  • On Site: 376 days
  • Updated: Listing Refreshed: 286 Days Ago

9.6% CAP RATE WITH 70% SELLER FINANCING, 6% INTEREST ONLY FOR 5 YEARS! WITH OPTION FOR ANOTHER 5 YEARS! 10 UNITS (7 2BR & 3 1BR)= RARE opportunity to own a Luxury Completely Renovated Turn-Key Investors Dream Income Producing Goldmine! 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, the most quiet, peaceful & safe street in all of S. Beach! Renovations include new AC, HWH, plumbing, electrical panels, roof, modern kitchens with quartz counters, SS appliances, breakfast bar. Cool, hip and chic decor throughout incl hotel quality baths with 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!

Price History

DateEventPriceChange RatePrice Per
08/01/2023Sold$4,685,000.000.3%$595.45 ft2/$6,409.37 m2
07/31/2023Price Reduced$4,700,000.005.5%$597.36 ft2/$6,429.89 m2
05/03/2023Listed$4,975,000.00$632.31 ft2/$6,806.11 m2

Contact Information

Tracey Schmitt
Real Estate Advisor
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
Contact Advisor
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