702 13th St
Miami Beach, FL 33139
Gotham Apartments · Multifamily Property For Sale
·
36 Units
Property Facts
| No. Units | 36 | Building Size | 27,797 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1937/1988 |
| Building Class | C | Parking Ratio | 0.43/1,000 SF |
| Lot Size | 0.32 AC | ||
| Zoning | RM-1 | ||
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 27,797 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1937/1988 |
| Parking Ratio | 0.43/1,000 SF |
| Zoning | RM-1 |
Amenities
Unit Amenities
- Balcony
- Hardwood Floors
- Vaulted Ceiling
- Refrigerator
- Oven
- Range
- Tub/Shower
- Garden
- Patio
Site Amenities
- Courtyard
- Tennis Court
- Package Service
- Walking/Biking Trails
- Public Transportation
About 702 13TH ST , MIAMI BEACH, FL 33139
Marcus & Millichap is pleased to present for sale the Gotham Apartments, a 36-unit multi-family building located in South Beach, Miami Beach, Florida. The property is located at 702 13th Street, just minutes away from Lincoln Road Mall, the newly renovated Miami Beach Convention Center and resides in the heart of South Beach, Florida's premier Art Deco District that attracts visitors from all over the world. The Gotham Apartments consists of 27,797 rentable square feet built on a 14,000 square foot lot. The property was constructed in 1937 and contains a total of 36 units, consisting of fourteen 1 bedroom/1-bathroom units, sixteen 2 bedroom/1-bathroom units and six studio units. The building has interior hallways, central air-conditioning and updated units. Miami Beach has become a desirable location for investors due to the strong rental market and sustainable rent prices compared to other areas in Miami. The historically high occupancy and location of the property sets it in one of Miami's most advantageous locations, with the potential for further growth and development. The property is priced at $9,500,000, which breaks down to $263,889 per unit and $341.76 a square foot. It is also a rare opportunity to purchase one of the largest multifamily assets in Miami Beach, as a majority of the buildings in South Beach are garden style apartments consisting of under 20 units. Gotham Apartments is an opportunity for any investor who seeks a stabilized, well-located property with upside in rental income.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 450 |
| 1+1 | 14 | - | 700 - 750 |
| 2+1 | 16 | - | 900 - 950 |
Property Taxes
| Parcel Number | 02-4203-009-3970 | Improvements Assessment | $4,920,000 |
| Land Assessment | $2,800,000 | Total Assessment | $7,720,000 |
Property Taxes
