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Property Description

CBRE, as exclusive advisor, is pleased to present 7311 Gary Avenue – an apartment opportunity in Miami Beach with exceptional value-add upside.rnThe property is situated in North Beach area of Miami Beach just north of the main corridor 71st Street and just east of Normandy Isle, approximately 0.5 miles west of the beach. It is a 2-story building that contains 18 units of which, 1 is a Studio, 14 are 1BR/1BA, 2 are 2BR/2BA and 1 is a 3BR/2BA. The property is currently 100% occupied with average market rents of $2,064. Current ownership has replaced the roof in 2023 and has partially upgraded approximately half of the units with finishes including new flooring, modern bathroom vanities, white shaker-style kitchen cabinets and granite countertops among other upgrades.

Features
18
Address Map
FL
Miami-Dade County
Miami Beach
33141
7311 Gary Ave
W81° 52' 21.5''
N25° 51' 29.9''
MLS Addon
1
Sale
2
Free Standing
$57,797
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Public
3900
18
12/02/2024 19:19:41

7311 Gary Ave, Miami Beach, Florida 33141

$3,995,000
15,000 size sq.ft.
Listing ID #A11531936
Basic Details
Property Type Commercial Sale
Listing Type For Sale
Listing ID A11531936
Price $3,995,000
Year Built 1958
Days on Market 22
Building Area 12,538
Status Active
Property SubType Income/multifamily
Lot Area 15,000 Sqft
List Date 2024-02-13
On Market Date 12/02/2024
Elena Beck
MiamiInvestrealty
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