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Property Description

**CALL FOR CASH OFFERS DISCOUNTED AT 1.75M 6% CAP IF CLOSE IN APRIL**Renovated 6-unit multifamily w/6 assigned parking spaces STEPS from units (HUGE RENTER DEMAND) + 20% upside in existing rents & massive value add to unlock via multiple avenues: **Unit 1 LEASE renewal (3/2023-2024) increased $300/month to $1800 + unit 4 up $350/month to $1850 & unit 2 at $2,000/month April 15th- collectively increasing CAP w/additional upside rents + value-add (proforma +11.72% CAP). IN-PLACE NOI- $104,839.rnrnCAPEX- Seller expended over $75K installing new plumbing/sewer line Jan-2024 w/50-year warranty, two new AC units, renovations, landscaping, irrigation system, etc. since listing. OWNER DELIVERING TURNKEY CONDITION WITH NO MAJOR CAPEX REQUIRED BY NEW BUYER (VS MOST AREA MULTIFAMILIES ON MARKET)

Features
6
Address Map
FL
Miami-Dade County
Miami Beach
33141
6955 Rue Vendome
OCEANSIDE SEC ISLE OF NOR
W81° 52' 18.9''
N25° 51' 18.3''
OCEANSIDE SEC ISLE OF NOR
MLS Addon
Other
All Cash, Conventional, Exchange
1
6
Substantially Remodeled
Gardener
2
Quadruplex, Fourplex
$15,654
2023
Click Here
3900
1
01/04/2024 13:10:18

6955 Rue Vendome, Miami Beach, Florida 33141

$1,750,000
3,552 size sq.ft.
Listing ID #A11453884
Basic Details
Property Type Residential Income
Listing Type For Sale
Listing ID A11453884
Price $1,750,000
Square Footage 3,552 Sqft
Year Built 1936
Days on Market 199
Building Area 3,552
Status Active
Property SubType Quadruplex
On Market Date 15/09/2023
Elena Beck
MiamiInvestrealty
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