Modern Waterfront Condo Building | 7939 East Dr
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Modern Waterfront Condo Building 7939 East Dr
15 Unit Block of Flats £17,624,250 (£1,174,950/Unit) 5.07% Net Initial Yield North Bay Village, FL 33141
Investment Highlights
- 15-Boutique Waterfront Building for sale in North Bay Village
Executive Summary
Beautiful waterfront building for sale in North Bay Village, the heart of the bay! 15-luxury units. Prime for new development. Renovate the building, and resell it out with your own brand. Units already have individually folios, allowing for maximum flexibility on investment and to be redone as a Condominium. North Bay Village is currently undergoing a massive revitalization, with 10 new development projects underworks! Breath taking water views from every unit. This is a gem of an opportunity.
Property Facts
| Price | £17,624,250 | Apartment Style | High Rise |
| Price Per Unit | £1,174,950 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Net Initial Yield | 5.07% | Building Size | 26,797 SF |
| Sale Conditions | Portfolio Sale | Number of Floors | 15 |
| No. Units | 15 | Year Built | 2008 |
| Property Type | Residential | Parking Ratio | 1.01/1,000 SF |
| Property Subtype | Apartment |
| Price | £17,624,250 |
| Price Per Unit | £1,174,950 |
| Sale Type | Investment |
| Net Initial Yield | 5.07% |
| Sale Conditions | Portfolio Sale |
| No. Units | 15 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | High Rise |
| Building Class | B |
| Lot Size | 0.26 AC |
| Building Size | 26,797 SF |
| Number of Floors | 15 |
| Year Built | 2008 |
| Parking Ratio | 1.01/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Loft Layout
Site Amenities
- Fitness Centre
- Sauna
- Waterfront
- Lift
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+2 | 12 | £3,916 | 1,500 |
| 3+3 | 2 | £19,582 | 4,477 |
| 6+5 | 1 | £6,266 | 2,108 |
zoning
| Zoning Code | RM-70, 4000 (Multi-Family Residential) |
| RM-70, 4000 (Multi-Family Residential) |
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Modern Waterfront Condo Building | 7939 East Dr
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