FANTASTIC 16-UNIT CORNER CBS APARTMENT BUILDING ON 7TH STREET IN THE BEST AREA IN SOUTH BEACH. THIS DESIRABLE 2-STORY BUILDING IS COMPRISED OF 2 1/1'S AND 14 EFFICIENCY UNITS. LOCATED IN BETWEEN EUCLID AVE AND MERIDIAN AVE, THE PROPERTY RESIDES IN A HIGH DEMAND LOCATION AND IS CONSISTENTLY FULLY OCCUPIED. THE BUILDING FEATURES UPSIDE AS WHILE SOME UNITS ARE RENOVATED, SOME CAN STILL BENEFIT FROM A UNIT IMPROVEMENT PROGRAM, HOWEVER RENTS ARE LOW FOR THE AREA. THE PROPERTY IS ON A GROUND LEASE; EXPIRES 09/30/2056; RENT IS $1,800/YEAR. IT CAN BE SOLD INDIVIDUALLY OR COMBINED WITH A 10-UNIT OPEN BAY INTRACOASTAL MULTIFAMILY BUILDING IN NORTH BAY VILLAGE IF LOOKING TO OWN TWO EXCELLENT ASSETS IN VERY SOUGHT AFTER AREAS.THE PROPERTY IS IN A VERY UNIQUE LOCATION IN THE SOUTH BEACH AREA OF
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