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7435 Byron Ave, Miami Beach, FL 33141

$3,150,000

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List Price: $3,150,000
Price Change: ▼ $100,000 1790904339
MLS#: A11891843
Status: ACTIVE
Type: Commercial

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Property Description

PRIME LOCATION 10-UNIT MULTI-FAMILY IN THE HEART OF MIAMI BEACH. Fully Renovated multifamily including interior upgrades, new electrical & plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and new roof (July 2025). Solid 1950 CBS construction with 10 2BR/1BA apartments with 5 private backyards. Prime North Beach location-three blocks to the ocean, near Collins/Harding. In-place rents around $2,100–$2,200/mo with renewal upside toward $2,400–$2,500. Turnkey cash flow with clear value-add from rent growth and neighborhood momentum. NOI $186789, Cap rate 6.00%. Pro format Cap Rate 6.50% Pro format NOI $203.889. Offering Memorandum available upon request.

(305) 775-2514

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Additional Information

Days on Market: 399
Tax Amount: $32,321
Parcel Number: 02-32-02-003-0310
Lot Size: 7,500
Directions: From I-95, take Exit 7 (NW 79th St) east over 79th St Causeway. Right on Abbott, left on 74th St, right on Byron; 7435 Byron Ave is on the left.
Address: 7435 Byron Ave, Miami Beach
Year Built: 1950