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19390 Collins Ave
Sunny Isles Beach, FL 33160
Oceanview Condominium · Multifamily Property For Sale
·
400 Units
Investment Highlights
- INCOME-PRODUCING RETAIL PROPERTY FOR SALE !!! 4% BUYER AGENT COMMISSION !!!
- Current market rates support existing positive equity in the property and options for value-add and appreciation
- With prestigious location & 1200 residential units in the complex, property allows for business expansion and opportunities, not currently being used.
- With current income of $4,379/month, property delivers an actual CAP rate of over 6% and potential to double it.
- Existing Lease Agreement, beneficial for the owner, allows for 10 years of occupancy and a stable flow of income from the property without the stress.
- Plenty of parking options, including assigned spaces for guests, complimentary order pickup parking and valet service.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Security System
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Views
- Walk-In Closets
- Wi-Fi
- Coffee System
- Patio
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Business Center
- Clubhouse
- Fitness Center
- Laundry Facilities
- Pool
- Property Manager on Site
- Security System
- Tennis Court
- Waterfront
- Gated
- Doorman
- On-Site Retail
- Storage Space
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 120 | - | 940 |
| 1+2 | 156 | - | 940 |
| 2+2 | 124 | - | 1,080 - 1,540 |
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