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Multifamily in Miami Beach, FL 33141Biscayne Beach, 809 85th St
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OFF MARKET
$1,600,000
8
Beds6
Baths4,731
SqFtStatus
OFF MARKETExpired
Size
4,731 SqFt (440 m2)
Price
$338/SqFt ($3,640/m2)
Type
Multifamily
Built
1955
HOA
N/A
MLS Number
F10496514
On Site
526 Days
Updated
490 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
- Bedrooms: 8
Bathrooms
- Bathrooms: 6
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: WallFurnace
- Cooling Description: WallWindowUnits
Building and Construction
- Floor Description: Tile
- Year Built: 1955
- Year Built Description: Resale
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2025-04-07T14:53:01.000-00:00
Taxes, Fees & More
- Taxes: 17785
- Total Units in Building: 4
Apples-to-Apples Comparables
Price History
Date
Event
Price
Change
Price Per
04/07/2025
Listed
$1.6M
$338 ft2
$3,640 m2
04/07/2025
$1.6M
Event
Listed
Price Per
$338 ft2
$3,640 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Yairo Rincon • Lifestyle International Realty • Buyer Agency Compensation .
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Scores
23
100
40
100
43
100
82
100
0
100
24
100
0
100
Community Snapshot
2 – 5 BR
Bedrooms
$699K – $12.9M
Price Tier
657 - 10,728
SqFt Range
1950
Year Build
2
Total Floors
491
Total Units
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