851 80th StreetMiami Beach, FL 33141

A well maintained four unit multifamily property in miami beach s north beach neighborhood the two story 4 458 sf building sits on a 5 650 sf lot offering four spacious 2 bed 1 bath units located in one of miami beach s fastest growing submarkets the property benefits from strong rental demand due to its proximity to the beach parks schools transit and the upcoming town center redevelopment zoned rm 1 3900 multifamily 38 62 units acre it provides flexibility and future redevelopment potential current income of 105 600 per year and projected 120 000 proforma yield a net operating income of 66 435 actual and 80 835 proforma at a 1 5m price returns equate to a 4 43 cap rate in place and 5 39 stabilized nestled on a quiet block between crespi blvd and hawthorne ave the property offers walkability to the beach north shore park the bandshell district restaurants and public transit with mature landscaping and stable occupancy ensuring a turnkey low maintenance investment in a high demand rental corridor