4,458SqFt
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Details
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Status:
Active
Size: 4,458 SqFt (414 m2)
Price: $336/SqFt ($3,622/m2)
Type: Multi Family
Built: 1947
MLS Number: A11923537
On Site: 125 Days
Updated: 124 Days ago
Page Views: 0
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.
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: Central
        • Cooling Description: CentralAir
        Building and Construction
        • Floor Description: Hardwood,Wood
        • Year Built: 1947
        • Year Built Description: Resale
        • Style: Fourplex
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2025-12-02T10:25:51.000-00:00
          Taxes, Fees & More
          • Taxes: 17758
          Apples-to-Apples Comparables
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          Price History
          12/02/2025
          Date
          Listed
          Event
          $1.5M
          Price
          $336 ft2 / $3,622 m2
          Price Per
          Price per square foot and days on website are not provided values and are calculated by Subdivisions.
          Listed by Vicente RodriguezFausto Commercial Realty Consultants Inc • Buyer Agency Compensation .
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