The Rex

1080 99th St,
Bay Harbor Island, FL 33154

 

$8,700,000
Offering Price
15.03
GRM
$378,261
Price Per Unit
23
Number of Units
4.23%
Cap Rate
43,580
Building SF
$8,700,000
Offering Price
15.03
GRM
$378,261
Price Per Unit
23
Number of Units
4.23%
Cap Rate
43,580
Building SF

Investment Summary

  • The Deco Group is pleased to present The rex south Apartments, a 23-unit fully ( 8, 1 bed 1 bath, 14 2 bed 2 baths and a duplex with 5 bedrooms). Fully renovated apartment rental in the heart of the highly desirable Bay Harbor Islands neighborhood. • The property is in excellent condition and allows for short term rental. A new an investor can implement several different investment scenarios including traditional short terms, short term rentals, condo conversión, and redevelopment. • Ownership spent a lot of $ in improving the property including upgrading all units with hurricane-impact windows, new kitchen cabinets and countertops, and updated bathroom vanities and tile. • Many Bay Harbor Island residents are attracted to the área due to its proximity to some of the best schools in South Florida. Ruth K. Broad Bay Harbor K-8 center is the elemental through middle school closest to the subject property. • Located on the top location of Bay Harbor Island. • Great opportunity to develop and keep as income-producing. • Fully renovated at the heart of the highly desirable Bay Harbor Island neighborhood. • Enjoying the outdoor pool and the beautiful sun of South Florida. • Each unit also comes with washer and dryer, dishwasher, oven, stove, microwave, and refrigerator. • Private parking.

Location Summary

  • Private Island. • Property within walking distance to the beaches. • Property within walking distance to the Bay Harbor shops. It ´s in the midst of a $400 million expansión that will nearly double the size of the luxury open-air center, adding an additional 340,387 SQft of retail space. • Bay Harbor Island consists of two islands in Biscayne Bay. Directly to the south is Indian Creek Village whivh is one of the most affluent communities in the world. • Directly to the east is Bal Harbor and Surfside. • These neighborhoods include new developments such as St. Regis, Chateau Ocean, Surf club Residences and Oceana which are experiencing condominium sales of over $2,000 per square foot. • The nearest airport is Miami International Airport which is 18km away. • This beautiful location in Miami Beach is situated near to some of Miami Beach's most popular attractions. • Near Costco., Whole Foods and Publix. • In just 12km you can take in the Art Deco architecture in the Art Deco Historic District or visit the Holocaust Memorial. • The Miami Beach Convention Center is also nearby at only 11km away. • Get in your shopping on Lincoln Road at the Lincoln Road Mall or enjoy eating at all of the amazing restaurants offering. • Different cuisines that can be found along the streets of Miami Beach.
  • Beachfront Realty commercial directors are pleased to present The rex south Apartments, a 23-unit fully ( 8, 1 bed 1 bath, 14 2 bed 2 baths, and a duplex with 5 bedrooms). Fully renovated apartment rental in the heart of the highly desirable Bay Harbor Islands neighborhood. • The property is in excellent condition and allows for short-term rental. A new an investor can implement several different investment scenarios including traditional short terms, short-term rentals, condo conversión, and redevelopment. • Ownership spent a lot of $ in improving the property including upgrading all units with hurricane-impact windows, new kitchen cabinets and countertops, and updated bathroom vanities and tile. • Many Bay Harbor Island residents are attracted to the área due to its proximity to some of the best schools in South Florida. Ruth K. Broad Bay Harbor K-8 center is the elemental through middle school closest to the subject property. • Located on the top location of Bay Harbor Island. • Great opportunity to develop and keep as income-producing. • Fully renovated at the heart of the highly desirable Bay Harbor Island neighborhood. • Enjoying the outdoor pool and the beautiful sun of South Florida. • Each unit also comes with a washer and dryer, dishwasher, oven, stove, microwave, and refrigerator. • Private parking.
FOR MORE DETAILS CONTACT
Mindy Kurkin
(305) 904-4753
Beachfrontcommercial@gmail.com
Marilina Apfelbaum
Licensed Real Estate Associate
(786) 287-3633
marilinamiami@gmail.com
Samuel Heskiel
(786) 451-4484
Samuel@decogroupcommercial.com