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South Beach Luxury Apartments 1560 Drexel Ave 16 Unit Apartment Building $8,839,680 CAD ($552,480 CAD/Unit) Miami Beach, FL 33139
Investment Highlights
- Great proximity to public transportation
- Historic district appeal
- Strong rental demand
Executive Summary
• Income-producing property
• Modern appliances and buildout
• Diverse unit mix
• Charming art deco architecture
• Opportunity to increase rents
• Secure access
• Private courtyard
• Modern appliances and buildout
• Diverse unit mix
• Charming art deco architecture
• Opportunity to increase rents
• Secure access
• Private courtyard
Property Facts
| Price | $8,839,680 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $552,480 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.37 AC |
| No. Units | 16 | Building Size | 14,591 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1925 |
| Zoning | RM-1, Miami Beach - Residential | ||
| Price | $8,839,680 CAD |
| Price Per Unit | $552,480 CAD |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 14,591 SF |
| No. Stories | 2 |
| Year Built | 1925 |
| Zoning | RM-1, Miami Beach - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 595 |
| 2+2 | 4 | - | 715 |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Some public transit
50/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 02-3234-002-0750 | Improvements Assessment | $9,000 CAD |
| Land Assessment | $2,193,680 CAD | Total Assessment | $2,202,680 CAD |
Property Taxes
Parcel Number
02-3234-002-0750
Land Assessment
$2,193,680 CAD
Improvements Assessment
$9,000 CAD
Total Assessment
$2,202,680 CAD
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South Beach Luxury Apartments | 1560 Drexel Ave
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