851 80th Street Miami Beach, FL 33141

AGENT'S REMARKS ABOUT 851 80TH STREET

A well-maintained four-unit multifamily property in Miami Beachs North Beach neighborhood. The two-story, 4, 458 SF building sits on a 5, 650 SF lot, offering four spacious 2-bed/1-bath units. Located in one of Miami Beachs fastest-growing submarkets, the property benefits from strong rental demand due to its proximity to the beach, parks, schools, transit, and the upcoming Town Center redevelopment.Zoned RM-1 (3900 Multifamily, 3862 units/acre), it provides flexibility and future redevelopment potential. Current income of $105, 600 per year and projected $120, 000 proforma yield a Net Operating Income of $66, 435 (actual) and $80, 835 (proforma). At a $1.5M price, returns equate to a 4.43% cap rate in place and 5.39% stabilized.Nestled on a quiet block between Crespi Blvd and Hawthorne Ave, the property offers walkability to the beach, North Shore Park, the Bandshell District, restaurants, and public transit, with mature landscaping and stable occupancy ensuring a turnkey, low-maintenance investment in a high-demand rental corridor.