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Please contact Shai Moschowits to schedule at info@presentequity.com or 786-529-2772.
Investment Highlights:
ñ100% occupied portfolio of 9 condominium units within a central Miami Beach 24 unit building
Value-add opportunity to increase rents currently below market
Situated in a walkable, beach neighborhood with access to shopping, night life and 28 acre park
Opportunity to sell-off each separately parceled property individually
Investments in North Beach by the City and developers will boost property values, quality of life
Building recertification received from the City of Miami Beach with 5/2/23 expiration
Three-mile demographics include 74,783 people with an average household income of $85,282
Investment Overview:
Beachcomber Condo Portfolio (the "Portfolio") is a rare opportunity to acquire 9 income producing units within the 24 unit Beachcomber condominium building located at 320 85th Street in Miami Beach, Florida. The Portfolio has undergone numerous capex items and is currently 100% occupied.
The improvements consist of four, one bedroom o
The improvements consist of four, one bedroom one bathroom apartments (ñ632 SF each) and five studio apartments (ñ430 SF each). All 24 units in the building consist of either one bedroom or studio units and are comparable to the 9 units in this offering. The average unit size and building age are consistent with comparable properties in the market and submarket. Per seller, unit amenities include impact windows, gas stoves, granite counter tops, bamboo floors, stainless steel appliances, and walk-in closets. Five of the nine condo units in this offering also receive assigned parking spaces. Hot water is provided from one central natural gas heater reducing both maintenance and utility expense. The offering represents 37.5% of the votes in the condo association as each owned unit has a vote that will transfer with the auction and subsequent deed conveyance. The Portfolio benefits from five public transportation stops within a three-minute walk.
Located in the heart of Miami Beach, the Portfolio is located just blocks away from the beautiful waters of the Atlantic Ocean and Biscayne Bay. This well located property in the North Shore neighborhood is just steps from the beach a
