Cash Flow of $15,450/Month! Massive $200K price drop! Fully gutted and rebuilt 7-unit multifamily just 2 blocks from the beach, now offered at a true 6.8% cap rate. Featuring (4) 1BD/1BA and (3) 2BD/1BA units—all brand new with impact windows, new electrical, plumbing, HVAC, insulation, flooring, kitchens, appliances, and designer baths. On-site laundry adds $450/mo in income. Zero deferred maintenance, premium finishes, and a prime Miami Beach location make this a rare turnkey asset delivering strong cash flow and long-term upside.
Property currently has (2) units pending to be rented:
- 419 78 St #1 - 1/1 for $2,000/Month (Identical unit above rented for $2k/month)
- 7801 Byron Ave #B - 1/1 for $1,900 (Pending offer to lease)
Units will be rented by closing at the prices listed above with no concessions offered.