OCEAN BEACH ADDN NO 3, Residential Incomes – 829 4TH ST, Miami Beach -001-11-30T00:00:00-05:00
SOUTH OF FIFTH – Potential for development of 17 Airbnb units or 15 to 20 room boutique hotel in the desirable South of Fifth neighborhood, easy walk to the beach, shops and fine dining. Build up to 10,000 sq. Ft. In a 4-story building, plus roof terrace and

829 4TH ST, Miami Beach

$2,700,000 USD
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Address829 4TH ST, Miami Beach
Building NameOCEAN BEACH ADDN NO 3
Type of PropertyQuadruplex
Property StyleQuadruplex
Price$2,700,000
Previous Price$2,800,000 (62 days ago)
Property StatusActive
MLS NumberA10824232
Living Area2053
Lot Size2053
Year Built1952
Folio Number02-42-03-009-5070
Zoning Information6503
Days on Market133

Detailed Description: SOUTH OF FIFTH – Potential for development of 17 Airbnb units or 15 to 20 room boutique hotel in the desirable South of Fifth neighborhood, easy walk to the beach, shops and fine dining. Build up to 10,000 sq. Ft. In a 4-story building, plus roof terrace and other modern lifestyle amenities in a world-class destination close to new multimillion-dollar developments like Louver House and Urbanica The Meridian Hotel. CPS-2 zoning allows for hotels and apartments. 100% stabilized Potential NOI of $631,390.10 rental Pro-forma. The existing building is a single-story 4-plex with two units used for short-term rentals and two month-to-month tenants. Incredible development potential! Redevelopment subject to approval by the city.

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Address Information
StateFlorida
CityMiami Beach
CountyMiami-Dade County
Zip Code33139
Address829 4TH ST
Section3
Zip Code (4 Digits)6814
Financial Information
Price$2,700,000
Price per Foot$0
Previous Price$2,800,000
Folio Number02-42-03-009-5070
Tax Amount$38,776
Tax Year2019
Possession InformationFunding
Full Descriptions
Detailed DescriptionSOUTH OF FIFTH – Potential for development of 17 Airbnb units or 15 to 20 room boutique hotel in the desirable South of Fifth neighborhood, easy walk to the beach, shops and fine dining. Build up to 10,000 sq. Ft. In a 4-story building, plus roof terrace and other modern lifestyle amenities in a world-class destination close to new multimillion-dollar developments like Louver House and Urbanica The Meridian Hotel. CPS-2 zoning allows for hotels and apartments. 100% stabilized Potential NOI of $631,390.10 rental Pro-forma. The existing building is a single-story 4-plex with two units used for short-term rentals and two month-to-month tenants. Incredible development potential! Redevelopment subject to approval by the city.
Roof DescriptionBarrel Roof
Floor DescriptionTile, Wood
Cooling DescriptionCentral Air, Wall / Window Unit (s)
Heating DescriptionOther
Sewer DescriptionPublic Sewer
Property parameters
Living Area2053
Lot Size2053
Zoning Information6503
Year Built1952
Type of PropertyQuadruplex
StyleQuadruplex
Building NameOCEAN BEACH ADDN NO 3
Development NameOCEAN BEACH ADDN NO 3
Construction TypeCBS Construction
Stories Number1.000
Listed withOne Sotheby’s International Realty
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