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
Construction Status Resale
HOA Y/N Yes
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
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Story 2.0000
Foundation Cbs Construction
Sewer Municipal Sewer
Water Municipal Water
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition As Is