809 85th St new Save Request In-Person Tour Request Virtual Tour
Miami Beach,FL 33141
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,731 sqft
Price per Sqft $338
Subdivision Biscayne Beach-2Nd Addn
MLS Listing ID F10512070
Style Fourplex
Year Built 1955
Annual Tax Amount $17,785
Tax Year 2024
Property Sub-Type Fourplex
Property 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 leases—ideal 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.
Location
State FL
County Miami-dade County
Zoning 2800
Interior
Heating Window/Wall
Cooling Wall/Window Unit Cooling
Flooring Tile Floors
Exterior
Water Access N
Roof Type Built-Up Roof
Building
Lot Description Less Than 1/4 Acre Lot
Story 2.0000
Foundation Cbs Construction
Sewer Municipal Sewer
Water Municipal Water
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition As Is