7435 Byron Ave Miami Beach, FL 33141
Other
MLS #: A11891843
Courtesy Of Beachfront Realty, Inc
Property InformationDescription
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.
Features
- Age: Over 50 Years Old
- Amenities: Security System
- Building Units: 10
- Cooling System: Window Unit(s)
- Cooling System: Wall/Window Unit(s)
- Cooling System: Central Air
- Exterior Type: Block
- Floor Covering: Laminate
- Floors: 2
- Legal Description: HARDING TOWNSITE PB 34-4 LOT 10 BLK 3 LOT SIZE 50.000 X 150 OR 18267-2737 0998 1
- MLSID: A11891843
MAP & DIRECTIONS
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