7801 Byron Ave - Apartments FOR SALE


Miami Beach, FL 33141- North Shore
$1,995,000 USD
786-981-3185
7801 Byron Ave, Miami Beach, FL for Sale
$1,995,000 USD
Apartments - FOR SALE
1/61
null | 6.81% Cap Rate

7801 Byron Ave
Miami Beach, FL 33141
North Shore


HIGHLIGHTS

  • Seven rebuilt units feature impact windows, modern electrical and plumbing systems, HVAC, insulation, flooring, and designer kitchens and bathrooms.
  • Total monthly cash flow reaches $15,450, including income from on-site laundry, with two units pending leases at $2,000 and $1,900 per month.
  • Two blocks from the beach in one of Miami Beach’s most desirable neighborhoods, the property offers lifestyle appeal and strong rental demand.
  • 6.8% cap rate across seven units, combined with a $200K price cut, offers strong immediate returns and long-term upside.

OVERVIEW

Explore a rare multifamily investment opportunity at 7801 Byron Avenue and 419 78th Street, just two blocks from Miami Beach. Fully gutted and rebuilt, this seven-unit property offers a 6.8% cap rate and immediate cash flow for discerning investors. With four one-bedroom, one-bathroom units and three two-bedroom, one-bathroom units, the property has been fully renovated with impact windows, new electrical systems, plumbing, HVAC, insulation, flooring, kitchens, appliances, and designer bathrooms. On-site laundry adds $450 per month in income, and with zero deferred maintenance, this is a turnkey asset ready for investors. Two units are pending leases at $2,000 per month for 419 78th Street, Unit 1, and $1,900 per month for 7801 Byron Avenue, Unit B, set to be rented by closing with no concessions. Total cash flow reaches $15,450 per month, making this a high-performing income property in one of Miami Beach’s most desirable neighborhoods. Steps from the beach, this offering delivers a prime Miami Beach location with modern upgrades and an alluring $200,000 price reduction. With premium finishes, fully renovated units, and strong rental demand, this seven-unit multifamily is a rare turnkey investment offering immediate returns and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$455 USD /SF

# OF UNITS

7

PRICE/UNIT

$285,000

CAP RATE

6.81%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

419 78th St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

RM-1-30

APN/PARCEL ID

02-3202-007-1140

ASK ABOUT THIS PROPERTY

Alex LorenzoDuEX Capital GroupMore Info
786-981-3185

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Alex LorenzoDuEX Capital GroupMore Info
786-981-3185

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