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Palm Villas 4 out 14 Townhomes 1000 99th St 4 Unit Apartment Building $6,750,000 ($1,687,500/Unit) 4.09% Cap Rate Bay Harbor Islands, FL 33154
INVESTMENT HIGHLIGHTS
- 100% occupancy, showcasing its desirability and income-generating potential.
- Access to Collins Ave via Kane Concourse
- Strong rental history and contemporary finishings
EXECUTIVE SUMMARY
Introducing a prime investment opportunity in the Miami market, this impeccably maintained luxury condo portfolio boasts a total of 10,071 square feet within 4 units. Built in 2020 and zoned RM-2, this modern property offers a lucrative 100% occupancy, showcasing its desirability and income-generating potential. This turnkey investment is a testament to quality construction and thoughtful design. With its strong rental history and contemporary finishings, this property presents a compelling opportunity for investors seeking a stable and thriving asset in the heart of Miami's real estate market. Unit Features: -spacious floor plans ranging from 2,274 to 2,950 square feet
-3 or 5-bedroom residences with guest suites -10-feet ceilings -private elevators in each residence -partially covered rooftop terraces with air conditioning -private patios
-exclusive interior design by Schapiro Associates -floor-to-ceiling windows -beautiful landscape design -contemporary architecture - smart home technology ready -gated private community -Bosch appliances -European custom cabinetry -2 assigned parking spaces per unit -pet friendly
-3 or 5-bedroom residences with guest suites -10-feet ceilings -private elevators in each residence -partially covered rooftop terraces with air conditioning -private patios
-exclusive interior design by Schapiro Associates -floor-to-ceiling windows -beautiful landscape design -contemporary architecture - smart home technology ready -gated private community -Bosch appliances -European custom cabinetry -2 assigned parking spaces per unit -pet friendly
PROPERTY FACTS
| Price | $6,750,000 | Building Class | C |
| Price Per Unit | $1,687,500 | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 10,071 SF |
| Cap Rate | 4.09% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2020 |
| Property Subtype | Apartment | Parking Ratio | 0.4/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM-2 - Multifamily | ||
| Price | $6,750,000 |
| Price Per Unit | $1,687,500 |
| Sale Type | Investment |
| Cap Rate | 4.09% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 10,071 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2020 |
| Parking Ratio | 0.4/1,000 SF |
| Zoning | RM-2 - Multifamily |
AMENITIES
UNIT AMENITIES
- Balcony
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+4.5 | 3 | - | - |
| 3+2.5 | 1 | - | - |
1 1
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (85)
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Palm Villas 4 out 14 Townhomes | 1000 99th St
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