12
$1,400,000 Sale
Listed 1 day
851 80th Street
· 0
· 0
· 0
· 4458
Key Facts
Key facts for 851 80th Street
Property Type
Apartment, Unspecified
Parking
Unspecified , 0 parking
MLS #
A11923537
Size
4458 sqft
Basement
-
Listed on
-
Lot size
-
Tax
$17,758 /yr
Days on Market
-
Year Built
1947
Maintenance Fee
-
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., Directions:
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Courtesy of: Fausto Commercial Realty Consultants Inc

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