42
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$2,100,000
Est. payment /mo
3,400 SqFt
New
625 75th St Miami Beach, FL 33141
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $617
MLS Listing ID A12074389
HOA Y/N No
Year Built 1951
Lot Size 5,500 Sqft
Property Sub-Type Multi Family
Property Description
625 75th Street is a fully modernized, two-story, six-unit multifamily asset situated on a 5,500 SF parcel in the North Beach submarket of Miami Beach. Comprising 3,400 adjusted square feet, the property features an efficient unit mix of four 1-bedroom/1-bathroom units and two studio residences. The building has undergone substantial capital expenditures, including complete upgrades to both the electrical and plumbing systems, along with full-building hurricane impact windows and doors, minimizing near-term deferred maintenance for incoming ownership.
Zoned RM-1 (Residential Multifamily, Low Density) under the Miami Beach Land Development Code, the property provides immediate cash flow stability backed by high tenant retention and severe local rental housing supply constraints. Positioned within walking distance to the beach, the North Beach Oceanside Park, and major transit corridors connecting to mainland Miami, the asset represents a turnkey, low-maintenance holding for 1031-exchange investors or private capital seeking insulated coastal real estate fundamentals.
Zoned RM-1 (Residential Multifamily, Low Density) under the Miami Beach Land Development Code, the property provides immediate cash flow stability backed by high tenant retention and severe local rental housing supply constraints. Positioned within walking distance to the beach, the North Beach Oceanside Park, and major transit corridors connecting to mainland Miami, the asset represents a turnkey, low-maintenance holding for 1031-exchange investors or private capital seeking insulated coastal real estate fundamentals.
Location
State FL
County Miami-dade
Area 32
Zoning 3900
Exterior
Private Pool Yes
Others
Tax ID 02-32-02-007-1940
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12074389
Listed by Fausto Commercial Realty Consultants Inc
NEARBY SCHOOL & BUSINESS
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