February 16, 2024 – Alec Bashein of Horvath & Tremblay has arranged the sale of 7310 Carlyle Avenue, a four-unit multi-family property in Miami Beach, Florida. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,625,000.
Located at 7310 Carlyle Avenue in Miami Beach, Florida, the Property is a 4-unit multifamily property located in the extremely rare and desirable North Beach neighborhood in Miami Beach. The property was constructed of concrete block in 1953 and is situated on a 3,750 square foot lot. The property has a balanced unit mix consisting of two (2), 1-Bedroom/1-Bathroom units and two (2), 2-Bedroom/1-Bathroom units across 3,705 square feet of living area. Over the past several years the property received capital upgrades inclusive of all new hurricane resistant impact windows and doors, all brand new central air conditioning units, new main electrical panel, new electrical panels in select units, electric tankless individual hot water heaters, new cabinetry and kitchen appliances, new ceiling fans, motion activated common area lighting, hardwired smoke detectors, freshly white washed and painted interior walls, and heavy duty self-closing latches on apartment entrance doors. The property was delivered vacant allowing the new owner to immediately lease the units at market rates. The property is located on a quiet residential street right across from North Shore Park and Youth Center, which features numerous outdoor activities for individuals and families alike including but not limited to a playground, tennis courts and baseball field. The property is also just steps from Collins Avenue (A1A) which is known globally for its diverse array of dining, entertainment, and shopping options, Normandy Isles, and Normandy Shores. The Property enjoys convenient access to public beaches (Miami Beach – North Beach and North Shore Park Beach), and major roads including A1A, SR 934, and SR 907. It also offers convenient access to Interstate 95, which provides access to all of South Florida. 7310 Carlyle Avenue presents an investor the unique opportunity to acquire a well-located multi-family property in one of the most highly desirable submarkets within Miami Beach. With a significant amount of redevelopment occurring in the immediate area in Miami Beach and the South Florida market overall, the property should benefit from the area’s buoyant future both in terms of consistent rent growth and appreciation over the long term.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the Country. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.