6727 Indian Creek Dr Miami Beach, FL, 33141
$ 3,000,000Bedrooms Baths0.0
for $3,000,000. This building was built in 1950 on a lot size of 12,200.
EXCELLENT INVESTMENT OPPORTUNITY! THIS AREA IS BOUND TO INCREASE IN VALUE DUE TO THE CURRENT NORTH BEACH MASTER PLAN REDEVELOPMENT PROGRAM. INCOME GENERATING 14 UNIT THAT ARE MONTH TO MONTH AND RENT CAN BE INCREASED ONCE THE AREA IS RE-DEVELOPED. LOCATED IN A CORNER WITH PLENTY OF LAND WHICH IS RARE FOR THE AREA. 12 UNITS ARE 1 BED 1 BATH APTS AND 2 UNITS ARE STUDIOS. THIS BUILDING CONVENIENTLY FEATURES PARKING LOT WITH ENTRANCES ON INDIAN CREEK ROAD AND HARDING AVENUE. THIS PROPERTY IS A FEW BLOCKS AWAY FROM THE RELAXING AND SANDY MIAMI BEACHES AND CLOSES TO MAJOR HIGHWAYS AND MUCH MORE. ALL 14 UNITS ARE RENTED ON A MONTH TO MONTH BASIS AND BUILDING IS APPROVED TO BUILD UP TO A 5 LEVEL MOTEL/HOTEL. PROSPECTIVE BUYER MAY INQUIRE WITH THE CITY REGARDING ANY FUTURE IMPROVEMENTS.
Exterior* Excluded Features
Parking 1-20 Parking Spaces Assigned Parking
List By Genesis Realty Services Inc.
- Monthly Principal & Interest
- Monthly Property Taxes
- Monthly Home Insurance
Default based on a 30-year fixed rate of 4.125% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save
Save time & pre-qualify for a mortgage in minutes.
Commerical listings in Miami Beach, FL
Average List Price $3,914,629
Percent of Sale Price 30 %
About Miami Beach, FL
2 % Since 2002
$ 51,768 Median Income
42.16 Median Age
16 % Households with Children
|6/11/2018||$3,000,000|| -11.76 %|| Price Down|
|5/7/2018||$3,400,000|| ||Listed Price|