Basics
- Category: CommercialSale
- Type: Multifamily
- Status: Active
- Bathrooms: 0
- Lot size: 7680, 7680 sq ft
- Year built: 1951
- County: Miami-Dade
- MLS ID: A12064481
Description
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Description:
BEACH BAY SUB PB 44-25 LOT 5 BLK 4 LOT SIZE 60.000 X 128 Prime 8-Unit Multifamily Investment Opportunity in Miami Beach! Exceptional income-producing property featuring eight 1-bedroom, 1-bathroom units in one of Miami Beach’s most desirable rental markets. Currently 7 of 8 units are occupied, providing immediate cash flow with one vacant unit offering instant value-add potential. Built in 1951, the property offers 6,336 SF of improvements on a 7,680 SF lot with RM-1 Multifamily Low Intensity zoning and 8 assigned parking spaces. Ideally located just minutes from the beach, world-renowned dining, shopping, entertainment, and major employment centers, this asset benefits from strong year-round rental demand and a thriving workforce demographic. A rare opportunity for investors seeking stable income with future upside in a premier Miami Beach location. Do not disturb tenants. Showings by appointment only.
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Building Details
Amenities & Features
- Parking Features: Assigned
- Security Features: SmokeDetectors
- Parking Total: 8
- Roof: Shingle
- Heating: WindowUnit,WallFurnace
Miscellaneous
- List Office Name: Real Estate Sales Force
- Listing Terms: Cash,Conventional
Ask our real estate expert about this property
This Multifamily-type commercial real estate is located in 345, 85th St, Miami Beach, FL, 33141 was built in 1951, and is listed at $2,750,000.