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$3,250,000

7435 Byron Ave, Miami Beach FL 33141

Miami Beach, FL 33141

Star Island

0

Bedrooms

0

Bathrooms

0

Sq Ft

1950

Year Built

About This Property

PRIME LOCATION 10-UNIT MULTI-FAMILY IN THE HEART OF MIAMI BEACH. Fully Renovated multifamily including interior upgrades, new electrical & plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and new roof (July 2025). Solid 1950 CBS construction with 10 2BR/1BA apartments with 5 private backyards. Prime North Beach location-three blocks to the ocean, near Collins/Harding. In-place rents around $2,100–$2,200/mo with renewal upside toward $2,400–$2,500. Turnkey cash flow with clear value-add from rent growth and neighborhood momentum. NOI $186789, Cap rate 5.62%. Pro format Cap Rate 6.13% Pro format NOI $203.889.
Offering Memorandum available upon request.

Property Details

Property Type Commercial Sale
Status Active
Lot Size 7,500 sq ft
Days on Market 238
MLS # d894aed8cd1c6729f8de98d0862b0f47