Offered at a 6.2% Proforma Cap, the property is currently 100% occupied. The property is part of a 10-property portfolio all located in South Beach. It can be purchased individually or as part of the portfolio. The property includes two parking spaces, it features a community laundry and it has 4 units that are considered suites with no kitchens, just refrigerators. The unit mix includes 10 studios, 2 1BR/1BA and 1 2BR/2BA. It has over $140,000 in combined CapEx between the current and previous owner.

This listing is courtesy of Periklis Synanidis at CBRE, Inc. em:perry.synanidis@cbre.com ph:352-278-7572.

More detailed information, including prior sales, lot and building square footage per the county, zoning, traffic maps, nearby businesses, and more related to the Miami-Dade county property folio associated with this commercial property listing, which in most cases would be for the listed property, is displayed below. This is not provided by the listing broker or agent, but is information obtained independently from the county for the folio number 0242030097560 entered for this listing by the listing broker / listing agent. Importantly, always verify information. This county information is not updated regularly. Thus, some of the information may have changed since it was obtained. Information herein is provided on a best efforts basis only. Do not rely on it to make an investment decision.

Miami-Dade County Information for Folio 02-2030-009-7560 (0242030097560)*
Links to Miami-Dade Lot Outline, Aerial Views, Tax Records
Property Location*
Address: 705 Lenox Ave
City: Miami Beach
State: Florida
Zip Code: 33139-5908 (Listings)
County: Miami-Dade (Listings)
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Building Size - English*
Living Square Feet: 6,811
Actual Square Feet: 6,811
Adjusted Square Feet: 5,533
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Lot Size - English*
Lot Size (sf): 7,500
Lot Size (acres): 0.17
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Building Size - Metric*
Living Square Meters: 632.76
Actual Square Meters: 632.76
Adjusted Sq M: 514.03
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Lot Size - Metric*
Lot Size (sq m): 697
Lot Size (ha): 0.07
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Zoning & Land Use*
Land Use: 0303 - Multifamily 10 Units Plus : Multifamily 3 Or More Units
Zoning: 3900 - Multi-family - 38-62 U/a
Municipal Zoning: RM-1 (Miami Beach)
All Listed | All Properties
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Prior Sale*
Type: Transfer where the sale price is verified to be part of a package or bulk sale.
Qual: U
Date: 04/09/2021
Amount: $2,795,000
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Prior Sale #2* (Second to Last)
Type: Transfer where the sale price is verified to be part of a package or bulk sale.
Qual: U
Date: 04/25/2014
Amount: $2,000,000
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Taxable Values*
Tax Year: 2024
Land: $1,035,000
Building: $1,585,000
Total: $2,620,000
Assessed: $2,596,000
County Taxable: $2,596,000
City Taxable: $2,596,000
Mill Code: 0200
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Ownership*
Owner 1: Urban Beach Iii Llc
Owner 2: C/o Sentinel Real Estate Corp
Mailing Address: 1251 Avenue Of The Americas 35 Fl
Mailing City: New York
Mailing State: Ny
Mailing Zip: 10020
Mailing Country: USA
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Building Information*
Stories: 2
Units: 14
Year Built: 1936
Effective Year Built: 1945
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Legal Description*
Legal Description Concatenated: OCEAN BEACH ADD NO 3 PB 2-81 LOT 9 BLK 96 LOT SIZE 50.000 X 150

*This Miami-Dade county folio information was recently obtained for the folio number entered on this listing by the listing broker, which usually is correct, but not always. This information is not represented as or warranted to be accurate or current. Verify this and all information about this property independently. Do not rely on it to make an investment decision.