11900 Bayshore Drive Apt: 1-8
North Miami, FL 33181

Property

Ownership: For Sale
Type: Multi-Family
Lot Size: 0.3 Acres

Financials

Price:$5,500,000
Annual Taxes:$48,844
Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Listing Courtesy of Real Broker, LLC

THIS FULLY RENOVATED 8 UNIT MULTIFAMILY PROPERTY IS AVAILABLE !

Waterfront property featuring a private dock, expansive paved patio, two-story exterior structure, and mature palm trees

Waterfront property featuring a private dock, expansive paved patio, two-story exterior structure, and mature palm trees

Waterfront property featuring a private dock, expansive paved patio, two-story exterior structure, and mature palm trees
Waterfront property featuring a private deep-water dock, expansive paved terrace, low-maintenance exterior, and native palm landscaping
Open-concept interior featuring large-format tile flooring, recessed lighting, white cabinetry, stainless steel appliances, and glass-paned doors open
Waterfront property featuring a concrete seawall, deep-water canal frontage, and dedicated paved parking areas
Neutral-toned tile flooring, recessed ceiling lighting, and expansive glass paneled doors featuring water frontage
Waterfront property featuring a private dock, expansive paved patio, two-story exterior structure, and mature palm treesWaterfront property featuring a private deep-water dock, expansive paved terrace, low-maintenance exterior, and native palm landscaping

Description

THIS FULLY RENOVATED 8-UNIT MULTIFAMILY PROPERTY IS AVAILABLE! 5.75% CAP RATE IN PLACE, GOOD CASHFLOW AND DIRECT WATER! THE ONLY ONE OF ITS KIND IN THE AREA. 6 2-BEDROOM UNITS, 2 1-BEDROOM UNITS. ALL UNITS HAVE A WASHER AND DRYER, NEW AC SYSTEMS, APPLIANCES, WASHING MACHINES, AND A BRAND-NEW 86" DOCK & SEAWALL WITH A BOAT PEDESTAL READY FOR A BOAT UP TO 96'! THE BACKYARD HAS BEEN TASTEFULLY REDONE WITH STONE PAVERS, MAKING IT EASY TO MAINTAIN AND ENTERTAIN EVEN ON A MOMENT'S NOTICE! WALKING DISTANCE TO SHOPS, RESTAURANTS, HOUSES OF PRAYER & SHORT DRIVES MIGHT BE THE PEAK, BUT THE FULL SEND IS THE NO FIXED BRIDGES TO GET TO THE OCEAN - BE ON YOUR WAY TO THE BAHAMAS IN LESS THAN 20 MINUTES! COME SEE WHAT ALL THE HYPE IS ABOUT!

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.