$1,995,000
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4,315 SqFt
SOLD DATE : 04/17/2026
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,315 sqft
Price per Sqft $431
MLS Listing ID A11904329
Year Built 1939
Annual Tax Amount $21,678
Tax Year 2024
Lot Size 5,650 Sqft
Property Sub-Type Multi Family
Property Description
Currently Cash Flowing $15,450/Month! Massive $200K price drop! Fully gutted and rebuilt 7-unit multifamily just 2 blocks from the beach, now offered at a true 6.8% cap rate. Featuring (4) 1BD/1BA and (3) 2BD/1BA units—all brand new with impact windows, new electrical, plumbing, HVAC, insulation, flooring, kitchens, appliances, and designer baths. On-site laundry adds $450/mo in income. Zero deferred maintenance, premium finishes, and a prime Miami Beach location make this a rare turnkey asset delivering strong cash flow and long-term upside.
Location
State FL
County Miami-dade
Area 32
Interior
Heating Central, Electric
Cooling Central Air
Flooring Ceramic Tile
Exterior
Roof Type Barrel
Building
Sewer Public Sewer
Water Public
Structure Type Block
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with BrokerNation Real Estate