4% CAP RATE, MIAMI BEACH WATERFRONT DEVELOPMENT OPPORTUNITY!!! BUILD 2 4 STORY LUXURY BUILDINGS. PRESENTLY EXIST 12 1BED\1BATH UNITS AND 2 2BED\1BATH UNITS RENTED. THE PROPERTY IS CASH FLOWING.THE PROPERTY IS BEING SOLD FOR HIGHEST BEST USE AND IS NOT SUBJECT TO APPRAISAL