Property > Commercial > > United States > Florida > Fausto Commercial is pleased to present the Sea Breeze Apartments at 1 NE 78th Street in Miami Florida.
Fausto Commercial is pleased to present the Sea Breeze Apartments at 1 NE 78th Street in Miami Florida.
Florida, Miami
AED 8,079,325 ( $2,200,000)
Property Type:
Commercial
Unit Type:
Apartments/Condos
Location: Florida, Miami
Bedrooms:
Studio
Plot size: 13,063 Sq ft
Fausto Commercial is pleased to present the Sea Breeze Apartments at 1 NE 78th Street in Miami Florida. This is a 13-unit apartment building located in the Upper East Side neighborhood of Miami. The property consists of 10 one-bedroom/one-bathroom units and 3 Studios totaling 7,496 rentable square feet. This property is a 1970"s vintage and fully remodeled in 2019-20 including all impact windows. It’s situated on a 13,063 Sq Feet of T6-8-0 land. The property is being offered for sale at $2,200,000 representing a 5.61% cap rate based on current in-place income. After increasing rents to market average, the year one cap is expected to rise to 7.78%.Â
The Sea Breeze Apartments is located near 79th Street and North Miami Avenue, two major thoroughfares in Upper East Side.
General Description | |
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Web Reference: | RO-RETSCLS-MX-1522533497 |
Listing Ref No: | A10886739 |
Country: | United States |
City: | Miami |
State: | Florida |
Latitude: | 25.84661 |
Longitude: | -80.19664 |
Exclusive: | No |
Property Type: | Commercial |
Commercial Property Type: | Apartments/Condos |
Furnished: | No |
Tenanted: | No |
Attributes | |
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Lot/Plot Size SqF: | 13063.00 |
Lot/Plot Size SqM: | 1213.36 |
NB: All information displayed is believed to be accurate but is not guaranteed and should be independently verified.
No warranties or representations are made of any kind.