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Property Description

960 Biarritz Drive is a 14-unit stabilized and fully renovated apartment building in the heart of North Beach. The property is steps from the water and a 5 minute walk to the beach. North Beach is a growing market with a number of attractive retailers, restaurants, and new developments. All 14-units have tile flooring, full kitchens, and impact windows/doors. The property is being offered at a 6.13% existing cap rate and is fully leased with below market rents. The purchaser can likely increase rents. All leases have 60 day termination clauses.

Address Map
FL
Miami-Dade County
Miami Beach
33141
960 Biarritz Dr
W81° 52' 18.6''
N25° 51' 13.7''
MLS Addon
1
Sale
$31,118
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3900
0
07/11/2023 19:47:13

960 Biarritz Dr, Miami Beach, Florida 33141

$3,430,000
6,250 size sq.ft.
Listing ID #A11482435
Basic Details
Property Type Commercial Sale
Listing Type For Sale
Listing ID A11482435
Price $3,430,000
Year Built 1977
Days on Market 25
Building Area 6,574 Sqft
Status Active
Property SubType Income/multifamily
Lot Area 6,250 Sqft
List Date 2023-11-08
On Market Date 20/10/2023
Elena Beck
MiamiInvestrealty
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