Luxury Condo Portfolio

1000 99th Street Bay Harbor Islands, FL 33154

1000 99th Street, Bay Harbor Islands, FL, 33154
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$6,750,000
Last Verified:
Jun 25, 2024

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Highlights

  • 4 luxury condo units
  • 10,071 SF leasable SF
  • Brand new construction from 2020
  • Prime location in the Miami area
  • 100% occupancy with strong rental history
  • Modern construction and contemporary design
  • Turnkey investment opportunity
  • Desirable and income-generating asset

Description

Introducing a prime investment opportunity in the Miami market, this impeccably maintained luxury condo portfolio boasts a total of 10,071 SF within 4 units. Renovated in 2021 and zoned RM-2, this modern property offers a lucrative 100% occupancy, showcasing its desirability and income-generating potential. Built in 2020, this turnkey investment is a testament to quality construction and thoughtful design. With its strong rental history and contemporary finishings, this property presents a compelling opportunity for investors seeking a stable and thriving asset in the heart of Miami's real estate market.

Discover the allure of Bay Harbor Islands, FL, a prestigious and highly sought-after location for Multifamily and Luxury Condominium investment. With its proximity to the sparkling waters of the Atlantic Ocean, high-end shopping, and exquisite dining options, the area offers an alluring lifestyle for tenants. The property is just moments away from the luxurious Bal Harbour Shops, the exclusive Indian Creek Golf Club, and the Bal Harbour beaches, providing residents with an unparalleled level of convenience and luxury. This prime location and access to world-class amenities make the Palm Villas 4-Unit Portfolio an exceptional investment opportunity in the thriving Miami market.


Year Built: 2020
Building Size: 10071sq ft
Lot Size: 0 acres


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Map of 1000 99th Street, Bay Harbor Islands, FL, 33154

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.