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6% CAP ~ ORANGE BLOSSOM PLACE~SELLER FINANCG 1000 7th St 10 Unit Apartment Building $4,500,000 ($450,000/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 | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$329,880
|
$51.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$329,880
|
$51.37
|
| Taxes |
$52,809
|
$8.22
|
| Operating Expenses |
$27,028
|
$4.21
|
| Total Expenses |
$79,837
|
$12.43
|
| Net Operating Income |
$250,043
|
$38.94
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $329,880 |
| Annual Per SF | $51.37 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $329,880 |
| Annual Per SF | $51.37 |
| Taxes | |
|---|---|
| Annual | $52,809 |
| Annual Per SF | $8.22 |
| Operating Expenses | |
|---|---|
| Annual | $27,028 |
| Annual Per SF | $4.21 |
| Total Expenses | |
|---|---|
| Annual | $79,837 |
| Annual Per SF | $12.43 |
| Net Operating Income | |
|---|---|
| Annual | $250,043 |
| Annual Per SF | $38.94 |
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 | $3,150 | 840 |
| 1+1 | 3 | $2,200 | 720 - 775 |
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Walk Score®
Walker's Paradise (96)
Property Taxes
| Parcel Number | 02-4203-009-7640 | Total Assessment | $3,310,000 |
| Land Assessment | $1,050,000 | Annual Taxes | $52,809 ($8.22/SF) |
| Improvements Assessment | $2,260,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
02-4203-009-7640
Land Assessment
$1,050,000
Improvements Assessment
$2,260,000
Total Assessment
$3,310,000
Annual Taxes
$52,809 ($8.22/SF)
Tax Year
2025
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6% CAP ~ ORANGE BLOSSOM PLACE~SELLER FINANCG | 1000 7th St
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