Contacts
Property Details
- Property Type Other
- Property Size 3,520 SF
- Lot Size 2,701 SF
- Additional Rent Contact for pricing
- Year Built 1939
- Date Updated Dec 17, 2024
Colliers, as exclusive listing broker, is pleased to present the opportunity to acquire the Malibu House apartments, a true value-add repositioning property located at 235 77th Street in North Beach one block away from the Ocean Terrace Beach. The property sits directly on 77th Street and is located between Harding Avenue and Collins Avenue. The existing unit mix features four (4) studios and four (4) 1 bedroom / 2 bathroom units in a 2-story building with 3,520 square feet. Malibu House is centrally situated in North Beach with close proximity to many of the area’s parks, beaches, restaurants, shops and resorts.
Malibu House is an ideal investment for investors to capitalize on a true value-add deal in a strong, high barrier to entry market with significant upside potential through a couple of different investment strategies. Current ownership has in-place plans to reposition the four (4) 1-bedroom / 2-bathroom units into an additional four (4) units with 1 bathroom. Repositioning the building into 12 units at market rents will significantly increase the income on the property, therefore increasing value for the investor. The second value-add strategy is to reposition the building into short-term rental operations. Malibu House is a contributing property in the North Shore Historic District and located within the Limited Short-Term Permitted Zone of North Beach: Sec. 1420-1111 (d), therefore allowing the short-term rental use.
Reach out to the broker for more info on lease terms and amenities
Getting around
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86/100
Walk Score ®
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50/100
Transit Score ®
-
76/100
Bike Score ®
Location
- City Miami Beach, FL
- Neighborhood North Shore
- Zip Code 33141
- Market Miami
Points of Interest
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Aventura
6.85 miles
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MiamiCentral
7.45 miles
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Brickell City Centre
7.92 miles
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Miami
8.52 miles
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Opa-Locka
8.57 miles
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Hialeah Market
9.23 miles
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Miami Airport
9.62 miles
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Miami Intermodal Center
9.67 miles
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Shell
0.42 miles
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Chevron
0.42 miles
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Marathon
0.55 miles
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Mobil
1.17 miles
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Speedway
2.21 miles
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ChargePoint
3.23 miles
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BP
3.23 miles
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Blink
3.38 miles
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Tesla Supercharger
5.61 miles
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Publix Charging Station
5.81 miles
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Miami Beach Parking Lot (P107)
0.14 miles
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CVS Parking
0.17 miles
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Walgreens Parking Lot
0.21 miles
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Miami Beach Parking Lot (P108)
0.22 miles
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Biscayne Elementary Parking Lot
0.29 miles
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Miami Beach Parking Lot (P92)
0.33 miles
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Parkview Point Condominium Parking Lot
0.38 miles
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Miami Beach Parking Lot (P91)
0.39 miles
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Miami Beach Parking Lot (P110)
0.42 miles
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Miami Beach Parking Lot (P109)
0.43 miles
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Baltic Hotel
0.02 miles
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Beachside Apartment Hotel
0.04 miles
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Seaside Apartment Hotel
0.09 miles
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The Broadmore Miami Beach
0.16 miles
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Days Inn & Suites Miami / North Beach Oceanfront
0.17 miles
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Ocean Surf Hotel
0.17 miles
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The New Hotel
0.23 miles
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Waterside Hotel
0.25 miles
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Villa Byron Suites
0.27 miles
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airbnb
1.31 miles
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M&L Food Market
0.14 miles
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Walgreens
0.22 miles
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Navarro's Supermarket
0.47 miles
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Auto Tag Agency
0.50 miles
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Bay Supermarket
0.59 miles
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Publix
0.64 miles
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Tropical Supermarket
0.65 miles
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Mom & Pop Supermarket
0.83 miles
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Beach food market & Cafe
0.85 miles
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Beach Wine Supermarket
0.87 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
