CBRE, as exclusive advisor, is pleased to present 7311 Gary Avenue – an apartment opportunity in Miami Beach with exceptional value-add upside.
The property is situated in North Beach area of Miami Beach just north of the main corridor 71st Street and just east of Normandy Isle, approximately 0.5 miles west of the beach. It is a 2-story building that contains 18 units of which, 1 is a Studio, 14 are 1BR/1BA, 2 are 2BR/2BA and 1 is a 3BR/2BA. The property is currently 100% occupied with average market rents of $2,064. Current ownership has replaced the roof in 2023 and has partially upgraded approximately half of the units with finishes including new flooring, modern bathroom vanities, white shaker-style kitchen cabinets and granite countertops among other upgrades.