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7291-7293 Gary Ave
Miami Beach, FL 33141
Gary Avenue Apartments · Multifamily Property For Sale
·
18 Units
Investment Highlights
- Value add opportunity in a prime location
- Hurricane impact windows/doors (These will be installed April 1, 2022.)
- Close proximity to Miami’s most popular beaches, resorts, and restaurants
- 40% rental upside with minor improvements
- Strong rental market with low supply
- Walking distance from North Beach Town Center
Property Facts
| No. Units | 18 | Building Size | 15,538 SF |
| Property Type | Multifamily | Average Occupancy | 72% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1959/2022 |
| Building Class | C | Parking Ratio | 1.16/1,000 SF |
| Lot Size | 0.34 AC | ||
| Zoning | RM-1 - Multi-Family | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 15,538 SF |
| Average Occupancy | 72% |
| No. Stories | 2 |
| Year Built/Renovated | 1959/2022 |
| Parking Ratio | 1.16/1,000 SF |
| Zoning | RM-1 - Multi-Family |
Amenities
Site Amenities
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 500 |
| 1+1 | 13 | - | 650 |
| 2+2 | 3 | - | 950 |
| 1+2 | 1 | - | 750 |
Property Taxes
| Parcel Number | 02-3202-014-1060 | Improvements Assessment | $1,560,000 |
| Land Assessment | $1,350,000 | Total Assessment | $2,910,000 |
Property Taxes
Parcel Number
02-3202-014-1060
Land Assessment
$1,350,000
Improvements Assessment
$1,560,000
Total Assessment
$2,910,000
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