Building is on a prime location on the beach. Strong performing residential income on second floor with commercial income on first floor showing a 6% Cap. This sought after building behind the Sonesta hotel on the corner of East Sunrise Boulevard and Sunrise Lane won't last. There are four newly refurbished apartments on the second floor - two x 2bed/1bath apartments and 2 x 1bed/1bath apartments boasting state of the art appliances and open kitchen/living room. One of the 2bed/1bath apartments has wrap around views of the ocean. On the first floor are three commercial spaces - one vacant space, one space occupied by a clothing store with a 5 year lease and one previous Bar space that is in negotiations to lease again as a bar. Building is surrounded by exclusive residential neighborhoods
Listing courtesy of Douglas Elliman.