851 80th St, Miami Beach, FL 33141
- $1,400,000
- 4,458
- SqFt
- List Price
- $1,400,000
- Price Change
- ▼ $100,000 1784184811
- MLS#
- A11923537
- Sq. Ft
- 4,458
- Subtype
- Quadruplex
- County
- Miami-Dade
- Community
- Biscayne Bch Sub
- Subdivision
- Biscayne Bch Sub
- Year Built
- 1947
Property 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.
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Additional Information
- Status Label
- ACTIVE
- Construction
- Concrete Block Construction
- Cooling
- Central Air
- Flooring
- Wood
- Heating
- Central
- Lot Description
- Less Than 1/4 Acre Lot
- Roof
- Concrete
- Special Information
- Substantially Remodeled
- Taxes
- $17,758
- Total Floors
- 2
- Stories
- 2
- Roofing
- Concrete
- Price Per Sqft
- $314
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Listing Courtesy Of Fausto Commercial Realty Consultants Inc, Contact: