851 80th St Miami Beach, FL 33141
4,458 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,458 sqft
Price per Sqft $336
Subdivision Biscayne Bch Sub
MLS Listing ID A11923537
Style Fourplex
HOA Y/N No
Year Built 1947
Annual Tax Amount $17,758
Tax Year 2025
Property Sub-Type Quadruplex
Property Description
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.
Location
State FL
County Miami-dade
Community Biscayne Bch Sub
Area 32
Interior
Heating Central
Cooling Central Air
Flooring Hardwood, Wood
Exterior
Pool None
Utilities Available Cable Available
Roof Type Concrete
Private Pool No
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Others
Tax ID 02-32-02-008-0701
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11923537
