1150 8th St

Flamingo / Lummus, Miami Beach, FL 33139

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 OwnerUsers, Developer or Investors. Flexible CD-2 Zoning allows for Medical Offices / Retails / Hotels / Short TermRentals, 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: $15,700, 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!