For sale about 2 months ago

$2,000,000

1 bd 1 ba 0 sqft

123 Main, Miami Beach, FL 33139

Residential Condo Occupied Needs Repairs Off MLS

Current Rent

$3,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Off Market - 4 Unit Portfolio Sale - South Beach

4 Unit Off Market Portfolio for sale in the famous Flamingo South Beach.

Unit 1: 1/1 - 731 sf
Unit 2: 1/1 - 728 sf
Unit 3: 2/2 - 1,072 sf
Unit 4: 1/1 - 726 sf

Two of these units offer a fantastic view overlooking the intercoastal Biscayne bay and the other two offer a stunning courtyard view of the famous Flamingo Condo.

Currently, the units house tenants but the contracts come with a kick-out clause.

Flamingo allows 30 days rental periods making it extremely profitable for short-term rental investors.

This is a great condo for first-time investors looking to penetrate the booming South Florida market.

Contact me for more information

Location:

123 Main, Miami Beach, FL 33139

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*The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.