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1000 7th St
Miami Beach, FL 33139 Flamingo

$4,500,000 USD

Apartments For Sale • 6,422 SF

Property Details

Property Type Apartments
Total Building Size 6,422 SF
Lot Size 0.17 AC
Building Class C
Year Built 1951
Cap Rate 6.63 %
Zoning RM-1

50 Transit Score

95 Walk Score

                
                    Highlights
                
                                ASSUMABLE SELLER FINANCING LOAN = $2,000,000 ONLY 6% INTEREST ONLY Term 3 Years.
                            
                                5 blocks to the beach. 2 mins to MacArthur Causeway for easy access to Downtown, Brickell, Wynwood and Design District!
                            
                                Located near Flamingo Park, S. Pointe Park, S. of Fifth, Lincoln Rd Mall and a variety of outdoor activities!
                            
                                40 year recertification just completed in 2023!! Hundreds of amazing restaurants nearby which have a sensational variety of cuisines!
                            
                                Privately located in the exclusive NOFI (N. of Fifth) residential neighborhood so it's the quietest part of SOBE. Plenty of permit parking avaialble.
                            
                                $2.2M 'DOWN TO THE STUDS" RENOVATION DONE IN 2022. NO REPAIRS NEEDED FOR A LONG TIME!!

Property Flyers

1000 7TH ST - P&L FINANCIALS

1000 7TH ST - RENT ROLL

Financial Summary (Actual)

Net Operating Income: $250,043 USD (2025)

Cap Rate:	6.63 %
Total Expenses:	$79,837 USD

Amenities

Air Conditioning
Dishwasher
Fenced Lot
Washer/Dryer
Vintage Building
Tile Floors
Crown Molding
Hardwood Floors
Vaulted Ceiling
Refrigerator
Stainless Steel Appliances
Range
Zen Garden
Dining Room
Double Pane Windows
Family Room
Mother-in-law Unit
Patio
Porch

Public Transportation

Commuter Rail	Drive	Walk	Distance
	10 min	-	4.6 mi
Historic Overtown/Lyric Theatre (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover))	10 min	-	4.7 mi
Airport	Drive	Walk	Distance
Miami International	28 min	-	14.8 mi
Fort Lauderdale/Hollywood International	40 min	-	26.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	10
Type:	Surface
Included in Rent:	Yes

Ricky Kallabat 305-747-5117 KW Commercial

1000 7th St Miami Beach, FL 33139 Flamingo