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- MLS#: F10512070 ( Residential Income )
- Street Address: 809 85th Street
- Viewed: 55
- Price: $1,600,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1955
- Bldg sqft: 0
- Additional Information
- Geolocation: 26 / -80
- County: MIAMI DADE
- City: Miami Beach
- Zipcode: 33141
- Subdivision: Biscayne Beach 2nd Addn
- Provided by: Lifestyle International Realty
- DMCA Notice
PRICED AT ONLY: $1,600,000
Address: 809 85th Street, Miami Beach, FL 33141
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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 leasesideal 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.
Property Location and Similar Properties
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Building and Construction
- Flooring: Tile
- Roof: Built-Up
Eco-Communities
- Water Source: Public
Utilities
- Cooling: Wall/Window Unit(s)
- Heating: Separate Meters, Window/Wall
- Sewer: Public Sewer
- Utilities: Cable Not Available
Finance and Tax Information
- Home Owners Association Fee Includes: Trash
- Tax Year: 2024
Other Features
- Legal Description: BISCAYNE BEACH-2ND ADDN PB 46-39 LOT 37 BLK 12 LOT SIZE 50.000 X 100 OR 21470-1050 06 2003 1 COC 24784-3636 07 2005 1
- Parcel Number: 02-32-03-011-0660
- Views: 55
- Zoning Code: 2800
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