6856 Abbott Ave Miami Beach, FL 33141

Property Details for 6856 Abbott Ave

Year built

1966

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a five-unit apartment building in the desirable Miami Beach area, located just one block from the ocean. The property, built in 1966, is a two-story Class B building comprising a total of five units, each currently rented and generating immediate income for the new owner. The asking price is $1,099,000, translating to $219,800 per unit. Each unit includes an assigned parking space, a significant advantage in this highly sought-after location. The building's low maintenance fees contribute to a strong return on investment. This property offers the potential for both immediate income generation and long-term appreciation in a prime Miami Beach location. The units are available for sale as a bulk package or individually, providing flexibility for potential buyers. The property's address is 6856 Abbott Ave, Miami Beach, FL 33141, within Miami-Dade County. This is a rare opportunity to acquire a well-maintained multifamily property in a highly desirable area known for its proximity to the beach and vibrant lifestyle. The building's solid construction and consistent rental income make it an attractive investment for both seasoned and new investors seeking a strong return in the Miami Beach market. The property's location offers easy access to the area's many amenities, including restaurants, shops, and entertainment venues.