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836 W 40th St 3 Unit Apartment Building $1,850,000 ($616,667/Unit) Miami Beach, FL 33140
EXECUTIVE SUMMARY
Excellent opportunity to live in and receive income with this turnkey multi-family investment in the heart of Miami Beach. With updated interiors, a consistent rental history, and excellent income potential, this property offers strong upside. Just off 41st Street near synagogues, the beach, and Polo Park, it features two spacious 3-bedroom units, a rarity in Miami Beach, each with central air and bright natural light. The lower unit offers a 3-bedroom, 2-bath layout with generous living areas, while the upper unit includes 3 bedrooms and 1 bath with potential to add a second bath for increased value. A remodeled 2-bedroom cottage showcases modern finishes, marble countertops, and gray tile. Shaded front yard and large backyard perfect for gatherings, enjoying coffee outside, or storage.
PROPERTY FACTS
| Price | $1,850,000 | Building Class | B |
| Price Per Unit | $616,667 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 3,041 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1939 |
| Apartment Style | Low-Rise | Parking Ratio | 0.66/1,000 SF |
| Zoning | 3900 MULTI-FAMILY - 0803 MULTIFAMILY 2-9 UNITS : MULTIFAMILY 3 OR MORE UNITS | ||
| Price | $1,850,000 |
| Price Per Unit | $616,667 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 3,041 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1939 |
| Parking Ratio | 0.66/1,000 SF |
| Zoning | 3900 MULTI-FAMILY - 0803 MULTIFAMILY 2-9 UNITS : MULTIFAMILY 3 OR MORE UNITS |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Washer/Dryer
- Tile Floors
- Oven
- Sprinkler System
- Tub/Shower
- Office
SITE AMENITIES
- Laundry Facilities
- Storage Space
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | - | 416 |
| 3+1 | 1 | - | 1,151 |
| 3+2 | 1 | - | 1,151 |
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 02-3227-015-0370 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $945,010 |
PROPERTY TAXES
Parcel Number
02-3227-015-0370
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$945,010
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836 W 40th St
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