Fantastic 16-unit corner CBS apartment building on 7th Street in the best area of South Beach.This desirable 2-story building is comprised of 2 1/1's and 14 efficiency units. Located in between Euclid Avenue and Meridian Avenue, the property resides in a high demand location and is consistently fully occupied. The building features upside as while some units are renovated, some can still benefit from a unit improvement program, however rents are low for the area. The property can be sold individually or combined with a 10-unit open bay Intracoastal multifamily building in North Bay Village if looking to own two excellent assets in very sought after areas.
The property is in a very unique location in the South Beach area of Miami Beach, a cosmopolitan city whose residents are as diverse as its visitors. With over 90,000 permanent residents and a daytime population of about 203,000, the city is seen as a trend-setting arts and entertainment Mecca, and a shopping and cultural wonder. While Miami Beach used to be famous for its over 7miles of beaches, that is no longer the case due to an economic boom that has sprung from the refurbishment of the Art Deco District, which led to cafes, clubs and shopping along South Beach's Ocean Drive, Lincoln Road and Washington Avenue along with international hotels and restaurants along Collins Avenue, to the re-emerging North Beach neighborhood.
