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1975 Calais Dr Miami Beach, FL 33141

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For Sale
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10 Units, Waterfront, Newly Renovated

Property size:
32,532 SF

Property 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

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Listing Contact
Javier Martinez

Listing Agent: Javier Martinez

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

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

Suggested Use

Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Miami Beach
County
Miami-Dade
State
Florida
Longitude
-80.1417057
Latitude
25.8537967

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.
(954) 450-2000 Call to check price and availability
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