A great investment property for sale, 16 units two-story apartment building(12 one-bedrooms and 4 studios) in prime location two blocks from the beach in Miami Beach with circa 6.2% cap rate (net operating income on the investment), plus a potential prope rty value appreciation, located in the center of rapidly growing North Beach with all the new restaurants on Collins Ave. Building currently 100% occupied and rent roll $178,440 per year and rents are going up. Impact glass windows. Cash deals only.
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