851 80th Street,Miami Beach, FL 33141
Miami Beach, FL 33141
Description
A well-maintained four-unit multifamily property in Miami Beach's North Beach neighborhood. The two-story, 4,458 SF building sits on a 5,650 SF lot, offering four spacious 2-bed/1-bath units. Located in one of Miami Beach's fastest-growing submarkets, the property benefits from strong rental demand due to its proximity to the beach, parks, schools, transit, and the upcoming Town Center redevelopment.Zoned RM-1 (3900 - Multifamily, 38-62 units/acre), it provides flexibility and future redevelopment potential. Current income of $105,600 per year and projected $120,000 proforma yield a Net Operating Income of $66,435 (actual) and $80,835 (proforma). At a $1.5M price, returns equate to a 4.43% cap rate in place and 5.39% stabilized.Nestled on a quiet block between Crespi Blvd and Hawthorne Ave, the property offers walkability to the beach, North Shore Park, the Bandshell District, restaurants, and public transit, with mature landscaping and stable occupancy ensuring a turnkey, low-maintenance investment in a high-demand rental corridor.
Details
| MLS # | A11923537 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1947 |
| Days On Site | 334 |
| Listing Provided By | Fausto Commercial Realty Consultants Inc | Vicente Javier Rodriguez |
Features
| SQ Feet | 4,458 |
|---|---|
| Story(s) | 2 |
| Zoning | 3900 |
Taxes
| Tax Annual Amount | 17758 |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami Beach |
| Zip Code | 33141 |
| Area | 2320 |
| Community Name | BISCAYNE BCH SUB |
| Listing VS Median (in BISCAYNE BCH SUB) | |
Price: $1,400,000 low | high Med: $2,525 sqft: 4,458 low | high Med: 865 $ / sqft: $314 low | high Med: $3 On site: 334 low | high Med: 53.5 | |
Market Activity 33141
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami Beach |
| Zip Code | 33141 |
| Area | 2320 |
| Community Name | BISCAYNE BCH SUB |
| Listing VS Median (in BISCAYNE BCH SUB) | |
Price: $1,400,000 low | high Med: $2,525 sqft: 4,458 low | high Med: 865 $ / sqft: $314 low | high Med: $3 On site: 334 low | high Med: 53.5 | |
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