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.
Fausto Commercial Realty Consultants Inc
Features & Details
Learn about the features and details of 851 80th St
Discover this impressive quadruplex in the heart of Biscayne Beach, Miami Beach. This well-appointed property offers 4,458 square feet of living space. Originally built in 1947. Offered at $1,500,000.00 Don't miss this opportunity to own in one of the area's most desirable locations.
FAQs About 851 80th St
What is the square footage of this property?
851 80th St, MLS® A11923537 has a size of 4458 sqft.
How many bedrooms and bathrooms does this home have?
There are bedrooms and bathrooms in this Multifamily at 851 80th St, MLS® A11923537.
What are annual taxes for 851 80th St?
Annual taxes for this home are $17,758 based on 2025 tax year reports.
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