For Sale
$2,000,000

355 76 St Miami Beach, FL 33141

Prime North Beach location, approved for townhouse development.

Overview

Added:
Dec 11, 2024
Days on market:
138
This 1-story, 1953-built duplex in Miami Beach's desirable North Beach area presents a unique investment opportunity. Currently configured as two 2-bedroom, 1-bathroom units, each with a laundry area and private patio/garden space, the property boasts a double electric covered garage. The units are currently vacant and have a potential rental income of $3500 each, based on comparable properties. Located just two blocks from the ocean, the property is within walking distance of shops, cafes, and parks, offering tenants a highly desirable lifestyle. Importantly, approved plans exist for the development of seven townhouses, each averaging 1100 square feet, with private garages and terraces. This presents a significant upside potential for future development and increased property value. The asking price for this multifamily property is $2,000,000, making it an attractive proposition for investors seeking both immediate rental income and long-term development potential in a prime Miami Beach location. The property is situated at 355 76th St, Miami Beach, FL 33141, in Miami-Dade County.

Highlights

  • 1953-built, 1-story duplex in Miami Beach's desirable North Beach.
  • Two 2-bedroom, 1-bathroom units, each with laundry and private patio/garden.
  • Double electric covered garage.
  • Currently vacant, with potential rental income of $3,500 per unit.
  • Approved plans for seven 1,100 sq ft townhouses with private garages and terraces.
  • Asking price: $2,000,000.

Property Details for 355 76 St

Property type
Apartment buildings, Small apartment buildings
Year Built
1953
Stories
1

Location Insight

City
Miami Beach
County
Miami-Dade
State
Florida
Latitude
25.8613432
Longitude
-80.1227286

FAQs

What type of property is this?
Apartment building - Prime North Beach location, approved for townhouse development.
Where is the apartment building located?
The property is located at 355 76 St Miami Beach, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 1953-built, 1-story duplex in Miami Beach's desirable North Beach.; Two 2-bedroom, 1-bathroom units, each with laundry and private patio/garden.; Double electric covered garage.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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355 76 St
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