829 4th St

    Miami Beach, FL 33139
    • $3,200,000
    • STATUS: Active
    • ON SITE: 28 days
    • MLS #: A10729167
    UPDATED: 60 min ago
    $3,200,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    42
    Type:
    Multi-Family
    Built:
    1952
    County:
    Area:
    42

    School Ratings & Info

    Description

    829 4th Street is a RARE OPPORTUNITY TO OWN a CPS-2 GENERAL MIXED USE COMMERCIAL ZONING PROPERTY, located in the highly sought-after South of Fifth (SOFI) neighborhood in Miami Beach. The property is sitting on a 5,000 square foot lot, non-historic designation, with the capability of renovating the existing building size up to 5 times greater than it stands today. Zoned will allow a new construction of up to 10,000 square feet, 7,500 of living area and four stories high. The maximum Flood Area Ratio (FAR) is: 2.0. Currently the property is being operated as a 4-Plex short-term rental product @ fully stabilized the anticipated annual NET RENTAL INCOME "NOI of $148,914.57, with a Overall Capitalization Rate (OAR) of 4.68%.

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    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-09-22T20:40:49.99.
    www.castellihomes.com/homes/98277116

    829 4th St Miami Beach, FL 33139

    • Price: $3,200,000
    • Status: Active
    • Updated: 60 min ago
    • MLS #: A10729167
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1952
    Built
    Neighborhood:
    42
    County:
    Miami-Dade
    Area:
    42
    Property Description
    829 4th Street is a RARE OPPORTUNITY TO OWN a CPS-2 GENERAL MIXED USE COMMERCIAL ZONING PROPERTY, located in the highly sought-after South of Fifth (SOFI) neighborhood in Miami Beach. The property is sitting on a 5,000 square foot lot, non-historic designation, with the capability of renovating the existing building size up to 5 times greater than it stands today. Zoned will allow a new construction of up to 10,000 square feet, 7,500 of living area and four stories high. The maximum Flood Area Ratio (FAR) is: 2.0. Currently the property is being operated as a 4-Plex short-term rental product @ fully stabilized the anticipated annual NET RENTAL INCOME "NOI of $148,914.57, with a Overall Capitalization Rate (OAR) of 4.68%.
    Exterior Features

    Construction Type Cbs Construction Num Parking Spaces 0 Pool Yn No Roof Description Wood Shake Roof Style Fourplex Waterfront Property Yn No

    Interior Features

    Cooling Description Central Cooling Floor Description Marble FloorsWood Floors Heating Description No Heat

    Property Features

    Approximate Lot Size 5000 Association Type None Cable Available YN Yes Flood Zone Ae Information Available Financial StatementInvestment AnalysisExisting Survey Lot Description Regular Lot Property Type Information Attached Rent Includes Cable TvElectricGasHot WaterLawn Care Reo YN No Section 3 Separate Meter Yn Yes Sewer Description Other Sewer Short Sale Yn No Special Assessment Yn No Subdivision Complex Bldg Ocean Beach Addn No 3 Tax Amount 23259 Tax Information Tax Reflects City & County Tax Tax Year 2019 Terms Considered All CashConventionalOwner Financing Typeof Property Fourplex Water Description Municipal Water Year Built Description Resale

    Listing courtesy of Stellar International Realty.


    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-09-22T20:40:49.99.
     
    Castelli Real Estate Services
    2227 Wilton Drive
    Fort Lauderdale FL, 33305