1975 Calais Dr Miami Beach, FL 33141
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10 Units, Waterfront, Newly Renovated
Property size:
32,532 SFProperty Features for 1975 Calais Dr
General Information
- Property type
- Multifamily properties
- Square Feet
- 32,532 SF
Building Details
- Year Built/Renovated
- 2013/2024
- Buildings
- 2
- Stories
- 3
- Units
- 10
Listing Agent: Javier Martinez
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a meticulously renovated, ten-unit townhome complex in the coveted Miami Beach area, boasting direct access to the Intercostal Waterway. Completed in 2013 and extensively renovated in 2024, this two-building, three-story property offers 32,532 square feet of space, with 21,166 square feet of net rentable area. The property sits on a 17,640 square foot lot, offering ample space and a desirable land value of $1,003 per square foot. Each of the ten units includes twenty parking spaces. Currently 100% vacant, the property is poised for immediate occupancy, with a projected occupancy date of December 31, 2024. The property features new flooring, bathrooms, kitchen cabinets, and appliances throughout. The current NOI is $799,398, resulting in a 4.52% cap rate. The asking price is $17,700,000, or $1,770,000 per unit. Construction of eight boat slips is currently underway, adding significant value to this already impressive waterfront property. Seller financing is available.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Small apartment buildings
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1417057
- Latitude
- 25.8537967
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FAQs
What type of property is this?
Multifamily property - 10 Units, Waterfront, Newly Renovated
Where is this multifamily property located?
The property is located at 1975 Calais Dr Miami Beach, FL.
What is the asking price?
The asking price for this property is $17,700,000.
What are key features of this property?
This property features: 10-unit townhome complex in coveted Miami Beach with Intercostal access.; Completely renovated in 2024.; Construction of 8 boat slips underway.