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- LoopNet Team
841 W 40th St
Miami Beach, FL 33140
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Located only 50 FT from West 41 Street Main Commercial District in Mid Beach
- Largest apartment 2,200 SF has Roof deck Two - Story apartment unit is ideal for an Owner/User.
- Individual Elec & Gas , with Commercial Washer/Dryer onsite
- Diverse mix of unit types
- Fully updated Electrical service with all units having instant hot water heaters
- 40 year Recertification in place
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.13 AC |
| Property Type | Multifamily | Building Size | 6,906 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1947/2010 |
| Building Class | C | ||
| Zoning | RM-1 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 6,906 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1947/2010 |
| Zoning | RM-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Washer/Dryer
- Kitchen
- Hardwood Floors
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Deck
- Dining Room
- Instant Hot Water
- Linen Closet
- Wet Bar
SITE AMENITIES
- Laundry Facilities
- Gas Range
ABOUT 841 W 40TH ST , MIAMI BEACH, FL 33140
Unique Art Deco Miami Beach Six Unit apartment building in Mid-Beach, only one short block off the main commercial district of 41 Street. Constructed with steel frame and concrete, the Property has been very well maintained with its 40 Year Recertification in place. Roof approximately 12 years old. All units are on circuit breakers. All units have on demand water heaters. Gas stoves in all units. The two story townhouse unit is dramatic, with its two story high ceiling, curved Art Deco designed living/dining room. This apartment has 2 bdrms and three baths as well as large closets, and a rooftop patio. There are Four (4) One Bdrm. One Bath apts & One (1) Two bdrm. One and a half (1 1/2/ bath apts. All the units have oak hardwood floors. There is a laundry room onsite with commercial washer/dryer. This remarkable property offers significant upside potential, below market rents and long term appreciation. Please Do Not Disturb Tenants. By appointment only.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,150 | 750 |
| 2+2 | 1 | $1,500 | 950 |
| 2+3 | 1 | $2,350 | 2,200 |
PROPERTY TAXES
| Parcel Number | 02-3222-019-0100 | Improvements Assessment | $1,089,930 |
| Land Assessment | $862,350 | Total Assessment | $1,952,280 |
PROPERTY TAXES
