355 76Th StMiami Beach, FL 33141
- Apartment buildings
Property Details for 355 76Th St
- Year built
- 1953
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
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.
Location Insight
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Latitude
- 25.8613
- Longitude
- -80.1227
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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