7435 Byron Ave - Apartments FOR SALE


Miami Beach, FL 33141- North Shore
$3,500,000 USD
786-985-1374
7435 Byron Ave, Miami Beach, FL for Sale
$3,500,000 USD
Apartments - FOR SALE
1/21
null | 5.34% Cap Rate

7435 Byron Ave
Miami Beach, FL 33141
North Shore


OVERVIEW

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. Income $257,640 NOI 186,789, cap rate 5.35%. Offering Memorandum available upon request.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$535 USD /SF

# OF UNITS

10

PRICE/UNIT

$350,000

CAP RATE

5.34%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Current Income $257,640 Cap Rate 5.40%

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

RM-2, Miami Beach

APN/PARCEL ID

02-3202-003-0310

ASK ABOUT THIS PROPERTY

Eric AmsallemFlorida InvestMore Info
786-985-1374

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Eric AmsallemFlorida InvestMore Info
786-985-1374

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.