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6% CAP ~ ORANGE BLOSSOM PLACE~SELLER FINANCG 1000 7th St 10 Unit Apartment Building $6,178,905 CAD ($617,891 CAD/Unit) 6.63% Cap Rate Miami Beach, FL 33139
Investment Highlights
- ASSUMABLE SELLER FINANCING LOAN = $2,000,000 ONLY 6% INTEREST ONLY Term 3 Years.
- Located near Flamingo Park, S. Pointe Park, S. of Fifth, Lincoln Rd Mall and a variety of outdoor activities!
- Privately located in the exclusive NOFI (N. of Fifth) residential neighborhood so it's the quietest part of SOBE. Plenty of permit parking avaialble.
- 5 blocks to the beach. 2 mins to MacArthur Causeway for easy access to Downtown, Brickell, Wynwood and Design District!
- 40 year recertification just completed in 2023!! Hundreds of amazing restaurants nearby which have a sensational variety of cuisines!
- $2.2M 'DOWN TO THE STUDS" RENOVATION DONE IN 2022. NO REPAIRS NEEDED FOR A LONG TIME!!
Executive Summary
Welcome to Orange Blossom Place located in the HOTTEST new neighborhood in South beach, NOFI (N. of Fifth)!! RARE opportunity to own a Luxury Completely Renovated Turn-Key Investors Dream Income Producing Goldmine! Seller must sell and is prepared to lose money to give a lucky buyer the best deal. 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, most quiet, peaceful & safe street in all of S. Beach! ASSUMABLE SELLER FINANCING LOAN = $2,000,000 = ONLY 6% INTEREST ONLY = Term 3 Years. 10 UNITS (7 2BR & 3 1BR)= Renovations include new AC, HWH, plumbing, electrical panels, roof, modern kitchens w/ quartz counters, SS appliances, breakfast bar. Cool, hip and chic decor throughout including hotel quality baths w/ 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 in 2022! You won't need to spend a dime on repairs for a long time. Check the rent roll, financials and P&L in the additional documents. Cash deals will get the best price possible. Pics are virtually staged. Drive by - do not disturb tenants. Please ask us about the 3-2-1 approved lender buydown. Meaning you get an interest rate as low as 3%!! On Zillow, scroll down to "facts & features", click on "show more", then click "View virtual tour" for your Virtual Interactive Lifestyle Concierge! Ask anything. Explore everything.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$452,955
|
$70.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$452,955
|
$70.53
|
| Taxes |
$72,512
|
$11.29
|
| Operating Expenses |
$37,112
|
$5.78
|
| Total Expenses |
$109,623
|
$17.07
|
| Net Operating Income |
$343,332
|
$53.46
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $452,955 |
| Annual Per SF | $70.53 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $452,955 |
| Annual Per SF | $70.53 |
| Taxes (CAD) | |
|---|---|
| Annual | $72,512 |
| Annual Per SF | $11.29 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $37,112 |
| Annual Per SF | $5.78 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $109,623 |
| Annual Per SF | $17.07 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $343,332 |
| Annual Per SF | $53.46 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Tile Floors
- Crown Molding
- Hardwood Floors
- Vaulted Ceiling
- Refrigerator
- Stainless Steel Appliances
- Range
- Dining Room
- Double Pane Windows
- Family Room
- Mother-in-law Unit
- Patio
- Porch
Site Amenities
- Fenced Lot
- Vintage Building
- Zen Garden
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | $4,325 CAD | 840 |
| 1+1 | 3 | $3,021 CAD | 720 - 775 |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (81)
Property Taxes
| Parcel Number | 02-4203-009-7640 | Total Assessment | $4,532,615 CAD |
| Land Assessment | $1,437,838 CAD | Annual Taxes | $72,512 CAD ($11.29 CAD/SF) |
| Improvements Assessment | $3,094,776 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
02-4203-009-7640
Land Assessment
$1,437,838 CAD
Improvements Assessment
$3,094,776 CAD
Total Assessment
$4,532,615 CAD
Annual Taxes
$72,512 CAD ($11.29 CAD/SF)
Tax Year
2025
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6% CAP ~ ORANGE BLOSSOM PLACE~SELLER FINANCG | 1000 7th St
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