847 81st St - Apartments FOR SALE


Miami, FL 33141- Biscayne Beach
$2,049,000 USD
718-777-7444
847 81st St, Miami, FL for Sale
$2,049,000 USD
Apartments - FOR SALE
1/60
null | 5.92% Cap Rate

847 81st St
Miami, FL 33141
Biscayne Beach


OVERVIEW

Prime 8-unit income property in sought-after Biscayne Point, Miami Beach. All units are 1 bed/1 bath—6 leased at $1,800/month and 2 at $1,850/month. Each unit has its own electric meter. Most units have been renovated. 40-Year Certification good through 2028. Roof replaced in 2020. Strong rental income and great investment opportunity in a high-demand area. Property is fully occupied.

FOR SALE DETAILS

PRICE

$2,049,000 USD

PRICE/SF

$436 USD /SF

# OF UNITS

8

PRICE/UNIT

$256,125

CAP RATE

5.92%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

RM-2, Miami

APN/PARCEL ID

02-3202-008-1170

ASK ABOUT THIS PROPERTY

Allen Zizcoyaz holding llcMore Info
718-777-7444

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Allen Zizcoyaz holding llcMore Info
718-777-7444

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