851 80th St, Miami Beach, FL, 33141
1947
Fourplex
4,458 sqft
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.
Status:
Active
Type:
Multi-family
Zoning:
3900
Subdivision:
BISCAYNE BCH SUB
Heating:
Central
Cooling:
Central Air
Est. Taxes:
$17,758
Construction
Block
Utilities
Cable Available
Lot Description:
< 1/4 Acre
Days on Market:
15
Pool:
None
MLS #:
A11923537
Community Info
School Info
Walk Score
Yelp
Listing courtesy of Fausto Commercial Realty Consultants Inc 786-748-7373