Great potential for development for new waterfront condominium residences. Currently a condominium 80% rented. This 10-unit apartment Condominium building located in desirable Bay Harbor Islands of which the property is directly on the water facing prestigious Indian Creek Island. build in 1953 is situated on an approx. 14,690 sq. ft lot with 10,054 sq. ft LA. The building is comprised of ten apartments that some have been renovated with 4 two bedrooms two bathrooms and 6 one bedrooms and one bathroom. The building has seen increasing rents and high levels of demand in this area. this opportunity gives an investor the ability to acquire 10 units condominium in a highly desirable sub-market with limited inventory that has seen continual market appreciation and international demand.
Listing courtesy of SoBe Realty, Inc..