Subdivision: Bay Harbor Island
1050 95th St,
Bay Harbor Islands, Florida 33154 SOLD FOR $3,600,000 $3,950,000
Studio | Sq.Ft: 6,422 | PPSF: $615.07 | Type: Multifamily |
Per building survey, living area square footage is 6422. This gem had a complete rehab in 2018 including installation of impact windows/doors, complete overhaul of electrical and plumbing, conversion of wall unit A/C system to central A/C system, outfitted with ensuite washer and dryers and new appliances, new kitchen and bathrooms, and new tile floors throughout. Brand new roof was put on building in the prior month. All 8 units are same square footage, but were creatively curated to provide its operator with different layouts to maximize revenue. 3 units are true 2 bedroom/1 bath, 4 units are 1 bedroom with den and 1 bath, and 1 unit has 1 bedroom/1 bath with large living area. One of the 2 bedroom units is currently operated as a licensed AirBnB by owner and will convey with sale.
Subdivision: Island House South Condo
1145 101st St,
Bay Harbor Islands, Florida 33154 SOLD FOR $2,900,000 $3,449,000
Studio | Sq.Ft: 6,200 | PPSF: $556.29 | Type: Multifamily |
Well-maintained 4plex with some of the largest single floor rental units in all of Bay Harbor Islands. All units are 1525SF, true 3 bedroom/2 bath corner units. Increase income potential to a conservative 8% ROI by converting to legal AirBnB hotel with resort-style pool and rear entertainment space. Building is entirely outfitted with impact windows and doors. 2 units have washer and dryer systems ensuite, other units use well-kept community laundry room downstairs. All units separately metered. Turnkey investment in highly desirable Bay Harbor Islands, once the best kept secret of Miami. Walking distance to places of worship, turquoise beaches of Bal Harbour and Surfside, and world class dining and shopping. Strong rental market. Home to A++ Ruth K Broad K-8 school.