Fausto Commercial Realty is proud to present 8216 Crespi Blvd, Miami Beach, FL. This rare 16-unit multifamily offers an exceptional investment opportunity in the heart of North Beach. Situated on a generous 17,343 sq ft lot, the property features four adjacent fourplexes under one folio, totaling 16,528 sq ft of living area. Each of the 16 spacious units offers 2 bedrooms, 1.5 bathrooms, in-unit washer/dryer, and central A/C—ideal for attracting quality long-term tenants. Current rents range from $2,200 to $2,350 per month, with no units rented below $2,200, generating a solid gross annual income of $426,000. Long-term tenants ensure stable cash flow, while strong upside potential exists through future rent increases. The property passed its 40-year recertification in 2023, and permits are already in process for brand-new roofs, further strengthening its long-term value. At a conservative 30% expense ratio, the portfolio produces an estimated Net Operating Income of $299,769, offering investors a 6.00% cap rate at the $5,000,000 asking price. This is a truly rare chance to own a high-quality multifamily asset in one of Miami Beach’s most desirable and consistently high-demand neighborhoods.