Historical Multifamily Sale Listing - Sherpine Apartments

Multifamily For Sale

This Multifamily property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Multifamily For Sale, Miami Beach, FL or Florida

Sherpine Apartments

2905 Sheridan Avenue, Miami Beach, FL 33140

N/A

8 Units | Multifamily

  • Print

Multifamily Property - Off Market

Price:
N/A
No. Units:
8
Building Size:
6,047 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
4.50%
Gross Rent Multiplier:
12.84
Occupancy:
100%
No. Stories:
2
Year Built:
1936
Lot Size:
7,080 SF
Listing ID
17736455
Last Updated
over 1 year ago

Highlights

  • Internationally recognized Mid Beach/Miami Beach location
  • 35-45 Percent Value Appreciation since 2008
  • Significant rental upside (one unit at $1216 in rent currently)
  • Minimal Rental Competition/ Limited Stock of Rental Properties in the area
  • Minimal Vacancy/Tenant Turnover
  • Short distance to Collins Avenue and the Atlantic Ocean

Description

This investment opportunity is rare since the "mid beach"section of Miami Beach is comprised mainly of upscale single family homes and there is minimal stock of apartment rentals in the area.

Additionally, there are very few for rent signs, no concessions, and minimal vacancy in the area which show how much apartment rentals are in demand here. Mid-Beach has seen its apartment rents and subsequent property values grow by a greater amount since 2008 than just about any other rental location in South Florida.

Investors from all over the world will continue investing here due to the safety, rent growth and value appreciation the real estate here provides that no other location in Dade couny truly compares to.

The Sherpine Apartments are located in the mid-beach section of Miami Beach, FL roughly half a mile west of the Atlantic Ocean. It is also four blocks from famous Collins Avenue and a few minutes north of South Beach a tourist destination. The property is located on Sheridan Avenue and is in between Royal Palm Avenue and Pinetree Drive.

Map of 2905 Sheridan Avenue, Miami Beach, FL 33140 (Miami-Dade County)

Research for 2905 Sheridan Avenue, Miami Beach, FL 33140 (Miami-Dade County)

  • Demographics – Population, income & other demographics near 2905 Sheridan Avenue
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

Similar Listings

14 Photos
Apartment at 46 St
Apartment at 46 St
  • Miami Beach, FL
  • $1,499,000
  • 5,000 SF Bldg
20 Photos
Flamingo Apartments
Flamingo Apartments
  • Miami Beach, FL
  • $1,050,000
  • 4,368 SF Bldg
5 Photos
south beach oportunity
south beach oportunity
  • Miami Beach, FL
  • $3,500,000
  • 6,666 SF Bldg
38 Photos
1995 Marseille Dr
1995 Marseille Dr
  • Miami Beach, FL
  • $1,080,000
  • 5,526 SF Bldg
934 Meridian Avenue 934 Meridian Avenue
  • Miami Beach, FL
  • $2,495,000
  • 7,168 SF Bldg
1450 Lenox Avenue 1450 Lenox Avenue
  • Miami Beach, FL
  • $1,995,000
  • 5,990 SF Bldg
3 Photos
655-657 Lenox Ave
655-657 Lenox Ave
  • Miami Beach, FL
  • $1,999,999
  • 6,548 SF Bldg
Video + 7 Photos
Elk Pine
Elk Pine
  • Miami Beach, FL
  • $2,399,900
  • 6,580 SF Bldg
9 Photos
SOUTH BEACH APARTMENT B...
SOUTH BEACH APARTMENT B...
  • Miami Beach, FL
  • $3,500,000
  • 7,313 SF Bldg
           
Created 7/6/2012