Novo Realty Group Corporation
Robert Edward Paucar, Novo Realty Group CorporationPhone: (754) 273-5573
Email: [email protected]
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listing
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Residential IncomeFor Sale
$1,600,000
809 85th St
Miami Beach, FL 33141
Courtesy of Lifestyle International Realty
MLS: Realtors of the Palm Beaches & Greater Fort Lauderdale
4,731Sq Ft
Est. Mortgage
$8,359/mo

Prime Investment Opportunity in the Heart of Miami Beach! This Four-unit Multifamily Property Offers Spacious 2-bedroom units, all Currently on Month-to-Month leases, providing flexibility for New Ownership. Each unit has the potential to command $3,500/month, projecting an Annual gross income of $168,000. Estimated annual expenses are approximately $35,000, leading to a potential cap rate of 8.31%. Located steps away from iconic attractions such as Lummus Park, the Art Deco Historic District, and Lincoln Road Mall, tenants will enjoy unparalleled Access to the best of Miami Beach. Don't miss out on this exceptional Property.

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Listing provided courtesy of Lifestyle International Realty
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