List Search

1000 7th St
Miami Beach, FL 33139 Flamingo

$4,750,000 USD

Apartments For Sale  •  6,422 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,422 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1951
  • Cap Rate 6.28 %
  • Zoning RM-1
50 Transit Score
96 Walk Score

Highlights

ASSUMABLE SELLER FINANCING LOAN = $2,000,000 ONLY 6.5% INTEREST ONLY Term 3 Years. 1.5 Points at close.
5 blocks to the beach. 2 mins to MacArthur Causeway for easy access to Downtown, Brickell, Wynwood and Design District!
Located near Flamingo Park, S. Pointe Park, S. of Fifth, Lincoln Rd Mall and a variety of outdoor activities!
40 year recertification just completed in 2023!! Hundreds of amazing restaurants nearby which have a sensational variety of cuisines!
Privately located in the exclusive NOFI (N. of Fifth) residential neighborhood so it's the quietest part of SOBE. Plenty of permit parking avaialble.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $281,315 USD (2024)
Cap Rate: 6.28 %
Total Expenses: $58,645 USD

Amenities

  • Air Conditioning
  • Dishwasher
  • Fenced Lot
  • Washer/Dryer
  • Vintage Building
  • Tile Floors
  • Crown Molding
  • Hardwood Floors
  • Vaulted Ceiling
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Zen Garden
  • Dining Room
  • Double Pane Windows
  • Family Room
  • Mother-in-law Unit
  • Patio
  • Porch

Public Transportation

Commuter RailDriveWalkDistance
10 min - 4.6 mi
Historic Overtown/Lyric Theatre (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 10 min - 4.7 mi
AirportDriveWalkDistance
Miami International 28 min - 14.9 mi
Fort Lauderdale/Hollywood International 39 min - 26.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Ricky Kallabat 305-747-5117 KW Commercial
Ricky Kallabat 305-747-5117 KW Commercial