11 Olympia Blvd

Are you looking for a well-maintained mixed-use building with a luxury apartment? This is a fully detached South Beach property on a 38 X 116 lot with plentiful street parking! The property consists of over 4,408 square feet on three levels, including a 2,500 square foot street-level commercial space with access to a finished basement, and a 1,537 square foot upstairs apartment. The property is currently occupied but can be delivered vacant (no leases) and the owner-occupied apartment is being offered fully furnished, excluding personal effects. Ready to move right in! The commercial space is currently being rented as a church, but in the past has been a professional dance studio (it has an oak floating floor) and even a bakery. Tons of possibilities! The commercial space includes multiple rooms, a half-bath, plus front and rear access to a finished basement with two half-baths. The upstairs apartment is configured as a large one-bedroom, but the office and dining room could easily be converted to make this a three-bedroom unit. The apartment has an open floor plan and multiple windows on all four sides, so it's light and bright. Highlights include wood and porcelain tile floors, luxurious full bathroom with freestanding tub and waterfall shower, updated half bath, and kitchen with newer stainless appliances, solid cherry cabinetry and granite slab countertops. On-site owner has taken great care of this property, with upgraded electrical panels (separate utilities), new sidewalks and a flat rubber roof that is in excellent condition. The location is only minutes away from the bridge in a great neighborhood. 5% plus cap rate. This is a must see; photos don't do this property justice. Don't miss this opportunity to own this unique investment or live/work property on the Island!