1000 7th Street, Miami Beach, FL 33139

$4,450,000
7,868
SqFt

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List Price
$4,450,000
Status
ACTIVE
Days on Market
156
MLS#
A11975535
Subtype
Residential Income
Year Built
1951
Living Area
7,868
Subdivision
Ocean Beach Addn No 3
Building Name
Orange Blossom Place
MLS Area Major
2420

Property Description

Welcome to Orange Blossom Place located in the HOTTEST new neighborhood in South beach, NOFI (N. of Fifth)!! RARE opportunity to own a Luxury Completely Renovated Turn-Key Investors Dream Income Producing Goldmine! Seller must sell and is prepared to lose money to give a lucky buyer the best deal. Mid-Century Modern meets Art Deco Masterpiece in this completely restored down to the studs 10 units, 2-story building, a large (7500 SFT) lot, most quiet, peaceful & safe street in all of S. Beach! ASSUMABLE SELLER FINANCING LOAN = $2,000,000 = ONLY 6% INTEREST ONLY = Term 3 Years. 10 UNITS (7 2BR & 3 1BR)= Renovations include new AC, HWH, plumbing, electrical panels, roof, modern kitchens w/ quartz counters, SS appliances, breakfast bar. Cool, hip and chic decor throughout including hotel quality baths w/ celebrity lighting, engineered wood floors easy to clean and durable. Washer & dryer in all units. 4 PRIVATE PARKING SPOTS. BBQ patio to enjoy! 40-year done in 2022! You won't need to spend a dime on repairs for a long time. Check the rent roll, financials and P&L in the additional documents. Cash deals will get the best price possible. Pics are virtually staged. Drive by - do not disturb tenants. Please ask us about the 3-2-1 approved lender buydown. Meaning you get an interest rate as low as 3%! On Zillow, scroll down to "facts & features", click on "show more", then click "View virtual tour" for your Virtual Interactive Lifestyle Concierge!

Additional Information

Taxes
$52,096
Flooring
Marble, Tile
Heating
Central, Separate Meters
Air Conditioning
Central Air
Exterior Construction
Block
Stories
2
Roof
Flat
Elementary School
Miami Beach South Pointe
Middle School
Miami Beach Nautilus
High School
Miami Beach

Listing courtesy of Keller Williams Capital Realty. Contact:

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Agent: Ricky Kallabat | Email: richardk@kw.com