About This Property

PRIME LOCATION 10-UNIT MULTI-FAMILY IN THE HEART OF MIAMI BEACH. Fully Renovated multifamily including interior upgrades, new electrical & plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and new roof (July 2025). Solid 1950 CBS construction with 10 2BR/1BA apartments with 5 private backyards. Prime North Beach location-three blocks to the ocean, near Collins/Harding. In-place rents around $2,100–$2,200/mo with renewal upside toward $2,400–$2,500. Turnkey cash flow with clear value-add from rent growth and neighborhood momentum. NOI $186789, Cap rate 5.62%. Pro format Cap Rate 6.13% Pro format NOI $203.889.Offering Memorandum available upon request.

Key Features

• 7,500 sq ft Lot
• Built in 1950

Property Details

• Type: Single Family Home
• Year Built: 1950
• Lot Size: 7,500 sq ft
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 7,500 sq ft Lot
• Feature: Built in 1950
• Status: Active
• MLS Number: 1139741042
• Days on Market: 356
• Listed By: Beachfront Realty Inc · Eric M Amsallem
• Zip Code: 33141