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900 S Miramar Ave 12 Unit Apartment Building $2,250,000 ($187,500/Unit) Indialantic, FL 32903
Investment Highlights
- Ocean Property
- Value Add
Executive Summary
Rare opportunity to acquire a vacant 12-unit multifamily property in Indialantic, FL, located just one block from the Atlantic Ocean in the South Of Fifth Ave district. This is one of very few apartment buildings in the area. Take advantage of the limited apartment supply and a persistent, growing demand from high income renters looking for housing near the beach. The property also has a 13 unit garage building, a highly desired feature that most other barrier island apartments do not offer. All units are in need of renovation. Buyer to conduct their own due diligence. Please contact broker to schedule a property tour.
Property Facts
| Price | $2,250,000 | Building Class | C |
| Price Per Unit | $187,500 | Lot Size | 0.69 AC |
| Sale Type | Investment | Building Size | 8,573 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.4/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3 - High Density Residential District | ||
| Price | $2,250,000 |
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.69 AC |
| Building Size | 8,573 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.4/1,000 SF |
| Zoning | R3 - High Density Residential District |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 912 |
| 1+1 | 8 | - | 600 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 27-38-31-EO-00035.0-0012.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,694,150 |
Property Taxes
Parcel Number
27-38-31-EO-00035.0-0012.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,694,150
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900 S Miramar Ave
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