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809 85th Street
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PRICED AT ONLY: $1,600,000

Address: 809 85th Street, Miami Beach, FL 33141

Description

Prime South Beach fourplex Close to Lincoln Rd; This fully occupied property features four spacious 2 bedroom, 1 bath units, all on month to month leasesideal for flexibility and rental upside. Market rents are estimated at $2,500/month, with a projected gross income of $120,000/year. Estimated expenses are around $35,000, offering a potential 5.31% cap rate. No HOA. Great investment in a high demand, walkable location in the heart of Miami Beach.

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  • MLS#: F10512070 ( Residential Income )
  • Street Address: 809 85th Street
  • Viewed: 12
  • Price: $1,600,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1955
  • Bldg sqft: 0

Description

Prime South Beach fourplex Close to Lincoln Rd; This fully occupied property features four spacious 2 bedroom, 1 bath units, all on month to month leasesideal for flexibility and rental upside. Market rents are estimated at $2,500/month, with a projected gross income of $120,000/year. Estimated expenses are around $35,000, offering a potential 5.31% cap rate. No HOA. Great investment in a high demand, walkable location in the heart of Miami Beach.
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Features
Building and Construction
  • Flooring: Tile
  • Roof: Built-Up
Eco-Communities
  • Water Source: Public
Utilities
  • Cooling: Wall/Window Unit(s)
  • Heating: Separate Meters, Window/Wall
  • Pets Allowed: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Not Available
Finance and Tax Information
  • Home Owners Association Fee Includes: Trash
  • Tax Year: 2024
Other Features
  • Legal Description: BISCAYNE BEACH-2ND ADDN PB 46-39 LOT 37 BLK 12 LOT SIZE 50.000 X 100 OR 21470-1050 06 2003 1 COC 24784-3636 07 2005 1
  • Parcel Number: 02-32-03-011-0660
  • Views: 12
  • Zoning Code: 2800
Nearby Subdivisions
Apartments Enchante   Atlantic Heights Corr   Biscayne Beach   Biscayne Beach Sub   Biscayne Beach-2nd Addn   Casablanca   Kerr & Williams Sub   Oceanside Sec Isle Of Nor  
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Details for 725 81st St , Miami Beach, FL 33141
$1,795,000.00

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Turnkey Quadplex Miami Beach! Fully renovated from top to bottom, this 4 unit property is a rare find. The building features a desirable mix of units: one 3 bed, 3 bath; one 3 bed, 2.5 bath; and two 2

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