MiamiRealEstateKing

MULTI-FAMILY INVESTMENT OPPORTUNITY YOU MUST JUMP ON

In real estate on November 23, 2010 at 5:25 pm

FANTASTIC INVESTMENT OPPORTUNITY IN MIAMI BEACH OFFERED AT $100/SQ.FT.

OWNER MOTIVATED – MAY CONSIDER FINANCING WITH 35% DOWN

KEEP AS APARTMENT OR CONVERT TO BOUTIQUE HOTEL / CONDO

· Commercial building in Miami Beach with LOTS OF POTENTIAL

· Currently vacant with over 8300 sq.ft. of interior space, built in 1940

· 6 comfortably sized, two-bedroom, two-bath units – some with ½ bath

· Spacious kitchen and closet space

· Each unit easily over 1.200 sq. ft. (visual estimate-may be around 1350 +/-)

· Building does not require major renovations for rental

· Previous tenants paid as much as $1500-$1800/mo in current condition

· Area should support rents hovering around the $2,000/mo mark +/-

· Estimated minimal renovations could range around $20-$50k/unit (conservative numbers)

· Minimal renovations may include new kitchen, touch-up art-deco baths, sand-stain hardwood floors and new appliances (gas available in building)

· Full gut job for exclusive boutique or luxury hotel, luxury rental or re-sale, if desired

· Lots of street parking plus parking lot across the street

· One block from the beach (top floor unit has a peak at beach)

PRICED TO SELL TODAY – THERE’S AN OFFER ON THE TABLE – SO HURRY!

Contact Wenceslao Fernandez Jr for more information

AffordableBeachCondos

or call 786-693-2269 and make sure to clearly spell all names and numbers

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