1975 Calais DrMiami Beach, FL 33141
- Residential income properties
- 32,532 SF
Property Details for 1975 Calais Dr
- Year built
- 2013
- Property size (Sq ft)
- 32,532 SF
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
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.
Location Insight
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Latitude
- 25.8538
- Longitude
- -80.1417
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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