Multifamily

1211 Euclid Avenue

1211 Euclid Ave, Miami Beach, FL 33139

Listing Price: $3,600,000

Cap Rate
4.43%
Number of Units
12
GRM
13.76
Occupancy
97.0%
Price/Unit
$300,000
Price/Gross SF
$558.57
Gross SF
6,445

Investment Overview

Marcus & Millichap, as exclusive listing agents, is pleased to offer for sale, 1211 Euclid Avenue, a 12 unit apartment building located in the strong South Beach rental market. The property has been completely gut renovated and only blocks from the ocean and Lincoln Road. Currently, the property is in lease up and the rents are projected based on market comparables. The property consists of 8 - 1 bedroom/1 bathroom units, 2 - 1 bedroom/1.5 bathroom units and 2 - 2 bedroom/2 bathroom units. Leasing the units at market, an owner can obtain a 4.4% cap rate.

South Beach is one of the most desirable rental markets in Miami-Dade County. Washington Avenue will be experiencing a major redevelopment of hotels and premium retail. This property is located blocks from the ocean, Lincoln Road, multiple hotels, restaurants and entertainment venues.

Investment Highlights

  • Recently Completed, Gut Renovation
  • Varied Floor Plans with Condo Quality Finishes
  • Blocks From the Beach and Lincoln Road

Exclusively Listed By

Listing Price: $3,600,000

Cap Rate
4.43%
Number of Units
12
GRM
13.76
Occupancy
97.0%
Price/Unit
$300,000
Price/Gross SF
$558.57
Gross SF
6,445

Investment Highlights

  • Recently Completed, Gut Renovation
  • Varied Floor Plans with Condo Quality Finishes
  • Blocks From the Beach and Lincoln Road

Investment Overview

Marcus & Millichap, as exclusive listing agents, is pleased to offer for sale, 1211 Euclid Avenue, a 12 unit apartment building located in the strong South Beach rental market. The property has been completely gut renovated and only blocks from the ocean and Lincoln Road. Currently, the property is in lease up and the rents are projected based on market comparables. The property consists of 8 - 1 bedroom/1 bathroom units, 2 - 1 bedroom/1.5 bathroom units and 2 - 2 bedroom/2 bathroom units. Leasing the units at market, an owner can obtain a 4.4% cap rate.

South Beach is one of the most desirable rental markets in Miami-Dade County. Washington Avenue will be experiencing a major redevelopment of hotels and premium retail. This property is located blocks from the ocean, Lincoln Road, multiple hotels, restaurants and entertainment venues.

Exclusively Listed By

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