790 81st St - Apartments FOR SALE


Miami Beach, FL 33141- Biscayne Beach
$2,500,000 USD
305-510-6627
790 81st St, Miami Beach, FL for Sale
$2,500,000 USD
Apartments - FOR SALE
1/20
null | 5.57% Cap Rate

790 81st St
Miami Beach, FL 33141
Biscayne Beach


HIGHLIGHTS

  • 5.57% cap rate at list price with additional upside through renovations
  • Ten large 1-bed/1-bath units averaging 700+ rentable square feet.
  • Separate electric and gas meters reduce operating expenses.
  • Strong rental demand in highly walkable North Beach.
  • Significant value-add potential through interior upgrades.
  • Located near major redevelopment zones and the North Beach Town Center District.

OVERVIEW

Fausto Commercial is proud to present Seven90 Apartments, a 10-unit multifamily asset located in the highly walkable North Beach district of Miami Beach. Built in 1958, the property consists of a two-story building positioned between Hawthorne Avenue and Crespi Boulevard, just steps from the Tatum Waterway and minutes from the ocean. The building features ten large one-bed/one-bath units, each approximately 700+ square feet, with separate electric and gas meters, individual water heaters, and classic Miami Beach architectural charm. While the property has received selective updates, it still offers strong value-add upside through modernization and strategic rent increases. The surrounding area is benefiting from major public and private investment, including the North Beach Town Center District and several large-scale redevelopment projects, supporting long-term rent growth and appreciation. •Stable tenant base with flexible lease structure for rent growth. Steps from Tatum Waterway, Collins Ave, Harding Ave, and the Atlantic Ocean

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$296 USD /SF

# OF UNITS

10

PRICE/UNIT

$250,000

CAP RATE

5.57%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

RM-1

APN/PARCEL ID

02-3202-008-0540

ASK ABOUT THIS PROPERTY

Vicente RodriguezFausto Commercial Realty ConsultantsMore Info
305-510-6627

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Vicente RodriguezFausto Commercial Realty ConsultantsMore Info
305-510-6627

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