6-unit multifamily building in Miami Beach's North Beach submarket — 3,400 SF on a 5,500-SF RM-1 lot, with renovated kitchens, hurricane impact windows and doors, and updated electrical and plumbing.
The asset suits private investors and 1031 exchange buyers seeking an executable value-add play in a supply-constrained coastal submarket. The unit mix — four one-bedroom/one-bathroom apartments and two studio layouts — targets the workforce and young-professional renter base that drives North Beach demand.
Substantial capital expenditures are already complete across critical infrastructure: upgraded kitchens, a full complement of hurricane impact windows and doors, and comprehensive modernization of both the electrical and plumbing systems. Built in 1951 and zoned RM-1, the building offers 3,400 square feet on a 5,500-square-foot lot. Remaining upside is cosmetic — bathroom modernization and long-term envelope improvements — allowing an owner to collect rental revenue from renovated core spaces while capturing mark-to-market appreciation.
The property sits within walking distance of the beach and North Beach Oceanside Park in Miami Beach, Miami-Dade County, with major transit corridors nearby connecting to mainland Miami.