809 85th Street
Miami Beach, FL 33141
4731 sqft | #FX-10496514
Description
Prime Investment Opportunity in the Heart of Miami Beach! This Four-unit Multifamily Property Offers Spacious 2-bedroom units, all Currently on Month-to-Month leases, providing flexibility for New Ownership. Each unit has the potential to command $3,500/month, projecting an Annual gross income of $168,000. Estimated annual expenses are approximately $35,000, leading to a potential cap rate of 8.31%.Located steps away from iconic attractions such as Lummus Park, the Art Deco Historic District, and Lincoln Road Mall, tenants will enjoy unparalleled Access to the best of Miami Beach. Don't miss out on this exceptional Property.
Property Details
- Utility FeaturesPublic Sewer, Public Water
- SubdivisionBISCAYNE BEACH-2ND ADDN
- Property TypeMulti-Family
- MLS #FX-10496514
- MLS #FX-10496514
- Lot Features< 1/4 Acre
- Lot Description< 1/4 Acre
- CountyMiami-Dade
- Original List Price$1,600,000
- Property SubtypeQuadruplex
- RoofBuilt-Up
- Taxes Annual$17,785
- Cost1600000
- Square Feet4731
- Year Built1955
- Zoning2800
- Stories2
Location
Legal
© BEACHES MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Last Updated: . Source: BMLS
Listing Courtesy
Listing Agent: Yairo Rincon (#276651007)
Listing Office: Lifestyle International Realty (#LSYL01)
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