Miami beach, florida 13 potential units! Existing 2-story 8-unit multi family apartment building & value add opportunity to build 5 more units in the back yard for a total potential 13 units. The agapi apartments represent a unique opportunity to develop more income producing rentals with ease of access from both euclid ave and the back alley. Located blocks to the beaches & ocean on euclid ave. Unit mix of 4 - one-bed & 4 - studios valued at $200,000 per door & the 5 potential units to be developed valued at $66,667/door land-cost combined = potential value of $1. 934 mm +/-. Zoning & development analysis by "studio x" architects. Please see the attached offering memorandum ("om") & comps for details. Potential seller-financing with 50% + down.
