Malibu House | 235 77th St
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Malibu House 235 77th St
8 Unit Apartment Building $2,862,500 CAD ($357,812 CAD/Unit) Miami Beach, FL 33141
Investment Highlights
- True value-add opportunity
- 45% rental upside from current rents
- High-barrier to entry market with strong fundamentals
- Potential to add 4 units
- Reposition into short-term rental for increased income
- Prestigious Miami Beach location and one block from Ocean Terrace Beach
Executive Summary
Colliers, as exclusive listing broker, is pleased to present the opportunity to acquire the Malibu House apartments, a true value-add repositioning property located at 235 77th Street in North Beach one block away from the Ocean Terrace Beach
Property Facts
| Price | $2,862,500 CAD | Building Class | C |
| Price Per Unit | $357,812 CAD | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 3,520 SF |
| No. Units | 8 | Average Occupancy | 88% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1939 |
| Apartment Style | Low Rise |
| Price | $2,862,500 CAD |
| Price Per Unit | $357,812 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,520 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1939 |
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 280 |
| 1+2 | 4 | - | 600 |
Walk Score ®
Very Walkable (86)
Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 02-3202-007-0150 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,620,228 CAD |
PROPERTY TAXES
Parcel Number
02-3202-007-0150
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,620,228 CAD
zoning
| Zoning Code | RM-1, Miami Beach (Residential Multi-Family) |
| RM-1, Miami Beach (Residential Multi-Family) |
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Malibu House | 235 77th St
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