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7710 Carlyle Ave
Listing Details
- $1,199,000
- MLS# A12000197
- Type Multi Unit - Multiple
- Status Pending
Description
Premium 4-unit multifamily value-add opportunity in the heart of North Beach. 7710 Carlyle Avenue is located 3 blocks from the Atlantic Ocean and 3 blocks from Biscayne Bay at the geographic center of Miami Beachs North Shore residential corridor. Built 1951, CBS construction, one-story, 3,425 SF on 5,650 SF lot. The building is fully occupied with stable tenants. Unit mix: (2) 2BR/1BA units + (2) 1BR/1BA units. Current rents are running 15-20% below comparable market rates, offering immediate upside potential through modest rent adjustments to market levels. NOI increase potential of approximately 20% at stabilized market rents. Quiet, tree-lined... Read more
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All Property Features
- Property Type: Multi Unit - Multiple
- Cooling: Wall/Window Unit(s)
- Crops Included Y/N: No
- Days on Site: 93
- Exterior: Concrete Block Construction
- Flooring: Other
- Heating: Window/Wall
- Home Style: Attached
- Home Warranty Y/N: No
- Lease Considered Y/N: No
- Listing Terms: All Cash, Conventional
- Lot Description: Less Than 1/4 Acre Lot
- Parcel#: 02-32-02-007-2170
- Property Attached Y/N: No
- Property Sub-Type: Quadruplex
- Roof Type: Built-Up
- Sewer: Other
- Stories: 1.0
- Taxes: $15,248
- Year Built: 1951