800 85th St - Apartments FOR SALE


Miami Beach, FL 33141- Biscayne Beach
$3,999,999 USD
305-645-1164
800 85th St, Miami Beach, FL for Sale
$3,999,999 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

800 85th St
Miami Beach, FL 33141
Biscayne Beach


HIGHLIGHTS

  • Full Roof Replacement
  • Impact Windows and Doors
  • 40/50 Certification Completed
  • On Site Laundry
  • Partially Renovated Units
  • RM-1 Zoning

OVERVIEW

Introducing 800 Biscayne Point, a multifamily investment on an oversized 11,600 SF double lot in Miami Beach’s North Beach neighborhood. The property consists of two buildings totaling 6,960 SF under one folio, offering scale and long-term hold potential in a supply-constrained residential pocket. Over $300,000 in capital improvements completed 2023–2025, including new roof, impact windows and doors, exterior upgrades, landscaping, fencing, and gated entry. 40/50-year recertifications completed. Unit mix is all one-bedroom apartments with renovation upside and one vacant unit creating immediate value-add opportunity. On-site shared laundry. Situated on 85th Street, a direct corridor to beach access, and just west of Biscayne Point.

FOR SALE DETAILS

PRICE

$3,999,999 USD

PRICE/SF

$575 USD /SF

# OF UNITS

12

PRICE/UNIT

$333,333

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

800 Biscayne Point

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,600 SF

ZONING

RM-1, Miami Beach

APN/PARCEL ID

02-3202-008-1810

ASK ABOUT THIS PROPERTY

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305-645-1164

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305-645-1164

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