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.