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1150 8th St, Miami Beach FL 33139,Miami Beach,Miami-Dade County,Residential Income

$2,850,000

Residential Income Active

1150 8th St, Miami Beach FL 33139

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Residential Income Active

1150 8th St, Miami Beach FL 33139,Miami Beach,Miami-Dade County,Residential Income

1150 8th St, Miami Beach FL 33139

$2,850,000

Overview

Quadruplex
Property Type

5426
Square Feet

1948
Year Built

Description

Steps away from 500 Alton Project, 3 Acre Park Coming To Alton Road 4 Unit Multi-Family on Alton & 8th Street,
on the same block as the New Baptist Health Center in Miami Beach. AAA Location – IDEAL for Owner
Users, Developer or Investors. Flexible CD-2 Zoning allows for Medical Offices / Retails / Hotels / Short Term
Rentals, and Other Commercial Uses. High Traffic Count Intersection & Close to Major Retailers. FAR 2.0 = Develop 15,000 sqft 5 story building.

Total Monthly income: $15,100, move in 5.3% CAP Rate with potential upside on the rents!

Tenants Pay all expense. the only thing landlord pays is monthly gardening fees, along with taxes and insurance annually!

All Units come furnished with inventory list, they are all the exact same on the interior!

Address

Open on Google Maps

Address 8th St
City Miami Beach
State/county Miami-Dade County
Zip/Postal Code 33139
Area OCEAN BEACH ADDN NO 3

Details

Updated on April 16, 2025 at 2:21 am

Property ID: A11652726
Price: $2,850,000
Property Size: 5426 Square Feet
Year Built: 1948
Property Type: Quadruplex
Property Status: Residential Income

Additional details

PublicSurveyRange: 42
ShowingInstructions: Call Listing Agent
ListAgentKey: 27e9dec0a0c7cb12abd06093b0305d50
TaxLegalDescription: OCEAN BEACH ADDN NO 3 PB 2-81 LOT 16 BLK 106 LOT SIZE 7500 SQ FT M/L
OnMarketDate: 2024-09-03
ListAgentEmail: [email protected]
ContractStatusChangeDate: 2024-09-03
MajorChangeTimestamp: 2025-04-15T23:31:47.090Z
Flooring: Vinyl
PhotosCount: 27
Cooling: Wall/Window Unit(s)
StatusChangeTimestamp: 2025-03-11T11:44:21.600Z
MIAMIRE_TypeofAssociation: None
BuildingName: OCEAN BEACH ADDN NO 3
MIAMIRE_AdjustedAreaSF: 4781
PriceChangeTimestamp: 2025-04-15T23:31:47.090Z
ListingKeyNumeric: 400435356
MajorChangeType: Price Decrease
ListingContractDate: 2024-09-03
Zoning: 6400
ListAOR: A-Miami Association of REALTORS
MLSAreaMajor: Ocean Beach Addn No 3
TaxAnnualAmount: 37946
ListOfficeName: Alexandria Realty Group LLC
MIAMIRE_RATIO_CurrentPrice_By_SQFT: 525.25
OriginatingSystemKey: miamire
PhotosChangeTimestamp: 2024-09-03T22:28:12.883Z
OriginatingSystemName: Miami Association of REALTORS®
ListOfficePhone: 641-340-0089
MlsStatus: Active
StreetNumber: 1150
ListingKey: 42180ae38e2c4fa69dff459c936cd78b
StateOrProvince: FL
ShowingContactType: Agent
ListOfficeKey: 74c2a832fa770d754566f90de284c8d8
BridgeModificationTimestamp: 2025-04-15T23:35:17.362Z
ListAgentFullName: Yahia Aly
Roof: Shingle
ParkingTotal: 0
ListAgentOfficePhone: 641-340-0089
Stories: 2
ParcelNumber: 02-42-03-009-8650
ListingTerms: All Cash,Conventional,FHA
YearBuiltDetails: Resale
OtherExpense: 0
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
ListAgentMlsId: 3444671
StoriesTotal: 2
ModificationTimestamp: 2025-04-15T23:31:47.090Z
OriginatingSystemID: miamire
PreviousListPrice: 2880000
DaysOnMarket: 219
ListOfficeMlsId: AXRG01
ListAgentDirectPhone: 641-340-0089
StreetNumberNumeric: 1150
PostalCodePlus4: 5913
NumberOfUnitsInCommunity: 4
Sewer: Public Sewer
SyndicationRemarks: Steps away from 500 Alton Project, 3 Acre Park Coming To Alton Road 4 Unit Multi-Family on Alton & 8th Street, on the same block as the New Baptist Health Center in Miami Beach. AAA Location - IDEAL for Owner Users, Developer or Investors. Flexible CD-2 Zoning allows for Medical Offices / Retails / Hotels / Short Term Rentals, and Other Commercial Uses. High Traffic Count Intersection & Close to Major Retailers. FAR 2.0 = Develop 15,000 sqft 5 story building. Total Monthly income: $15,100, move in 5.3% CAP Rate with potential upside on the rents! Tenants Pay all expense. the only thing landlord pays is monthly gardening fees, along with taxes and insurance annually! All Units come furnished with inventory list, they are all the exact same on the interior!
Heating: Other
MIAMIRE_LPAmtSqFt: 525.2488
StructureType: Quadruplex,Fourplex
ListAgentStateLicense: 3444671
PublicSurveyTownship: 42
StreetName: 8th St
ListingAgreement: Exclusive Agency
PublicSurveySection: 3
OriginalListPrice: 3500000
BuildingAreaUnits: Square Feet
RentIncludes: Gardener
InternetEntireListingDisplayYN: 1
TaxYear: 2024
OriginalEntryTimestamp: 2024-09-03T22:23:03.037Z
SourceSystemKey: 400435356
LotFeatures: Less Than 1/4 Acre Lot
DocumentsAvailable: Copy Of Lease(S)
ConstructionMaterials: Concrete Block With Brick
MIAMIRE_Style: Fourplex
LotSizeSquareFeet: 0
ArchitecturalStyle: Other
BuildingAreaTotal: 5426