New - 5 days 1 h ago

Biscayne Beach, 809 85th St Miami Beach, FL 33141

$1,600,000Price
4,731SqFt

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Size: 4,731 ft2 / 440 m2
Price: $338 ft2 / $3,640 m2
Built: 1955
HOA: N/A
MLS Number: F10496514
On Site: 5 Days
Updated: 4 Days ago
Page Views: 0
Prime investment opportunity in the heart of miami beach! This four-unit multifamily property offers spacious 2-bedroom units, all currently on month-to-month leases, providing flexibility for new ownership. Each unit has the potential to command $3,500/month, projecting an annual gross income of $168,000. Estimated annual expenses are approximately $35,000, leading to a potential cap rate of 8.31%. located steps away from iconic attractions such as lummus park, the art deco historic district, and lincoln road mall, tenants will enjoy unparalleled access to the best of miami beach. Don't miss out on this exceptional property.

Features

Bedrooms
Bathrooms
Exterior and Lot Features

Price History

04/07/2025

Date

Listed

Event

$1.6M

Price

$338 ft2 / $3,640 m2

Price Per

Price per square foot and days on website are not provided values and are calculated by Subdivisions.

Listed by Yairo RinconLifestyle International Realty • Buyer Agency Compensation .

Instant Comparative Market Analysis

$100/ft²
$800/ft²
$1,600/ft²
$2,400/ft²

Unit 809 85th St – Asking

$338/ft²

(+6%) from Closed Avg. $/ft²

Closed Avg. $/ft²

$320/ft²
Community $/Price Range (Closed) $190/ft² – $2282/ft²
UnitBed/BathSize SqFt$/SqFtExposureViewSoldClosed Date
825 85th St6/84,686$320$1,500,0007/17/2024
Bed/Bath: 6/8Size SqFt: 4,686$/SqFt: $320Sold: $1,500,000Closed Date: 7/17/2024
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