1935 Park Ave | Miami Beach, FL 33139
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- LoopNet Team
1935 Park Ave
Miami Beach, FL 33139
Park Avenue Apartments · Multifamily Property For Sale
·
35 Units
INVESTMENT HIGHLIGHTS
- World Renowned South Beach Location
- RM-2 Zoning Allowing for Repositioning into Short-Term Rentals or Hospitality
- Excellent Unit Mix of Studios, One-Bedroom and Three-Bedroom Units
- Walking Distance to Miami Beach Convention Center, Beaches, and Other Attractions
- Zoning Allows an Investor to Increase the Building SF to Approximately 36,000 SF
- Upside in Rental Income
PROPERTY FACTS
| No. Units | 35 | Lot Size | 0.41 AC |
| Property Type | Multifamily | Building Size | 21,750 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1936 |
| Building Class | C | ||
| Zoning | RM-2 - RM-2 Residential Multifamily, Medium Density | ||
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 21,750 SF |
| No. Stories | 2 |
| Year Built | 1936 |
| Zoning | RM-2 - RM-2 Residential Multifamily, Medium Density |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Property Manager on Site
- Tenant Controlled HVAC
- Recycling
- Walking/Biking Trails
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | $1,413 | 400 |
| 1+1 | 26 | $1,700 | 675 |
| 3+2 | 1 | $3,000 | 1,000 |
PROPERTY TAXES
| Parcel Number | 02-3226-001-0280 | Improvements Assessment | $2,790,000 |
| Land Assessment | $2,970,000 | Total Assessment | $5,760,000 |
PROPERTY TAXES
Parcel Number
02-3226-001-0280
Land Assessment
$2,970,000
Improvements Assessment
$2,790,000
Total Assessment
$5,760,000
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