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809 85th St, Miami Beach, FL 33141
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$1,600,000
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Home Details for 809 85th St
Price
$1,600,000
Type
Multi Family
Year Build
1955
Sq. Ft.
4731
County
Miami-Dade
Tax
$17,785
MLS®️ Listing#
F10496514
On exitrealty.com
222 days
Property 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.
- Cooling Information
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- Wall Furnace
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- Cable Not Available
Listing Courtesy: Lifestyle International Realty - 305-809-8085
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively 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.The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
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$1,600,000
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