Multifamily building for sale in Miami Beach/North Beach - Located in the epicenter of what is to become one of the fastest growing and most attractive housing markets in the U.S., The Duval Apartments offer the perfect blend of convenience and community. This unique opportunity with 49 apartment units under one roof and 28 on-site parking spaces, is the most desirable investment property available in Miami Beach. Residents enjoy walking to the beach, O’Cinema Theatre, local restaurants and the many community parks with Tennis courts, Olympic pools, Basketball courts, Golf Course and Soccer field. Amenities like the private pool, abundant balconies, plentiful parking, huge closets and on-site laundry keep tenants happy while they appreciate the classic MiMo building architecture.
Public and private plans for this neighborhood, Town Center Core, are city and life altering for North Beach residents and investors! The new North Beach Town Center will bring employment opportunities, new retail shops, new luxury condominiums, and plenty of restaurants and bars for a livelier night life. This already very walkable and bikeable neighborhood is going to have more pedestrian and bike-friendly streets promoting more community activity. North Beach residents are excited to bring this vibrance and energy to the Town Center neighborhood and complete their vision of the perfect place to live. The timing of this investment opportunity could not be better!
Strong rental demand and stable cash flow, as well as the planned neighborhood public and private developments, make this investment exceptionally attractive. With 49 oversized units, 51% larger than the average Normandy Isle apartment, this property is a high-performing asset demanding premium pricing and showing high occupancy year over year. There is no other building available in Miami Beach like The Duval.
