For sale
$3,125,000
Photo 1 of 15$3,150,000
Price reduced7435 Byron Ave, Miami Beach FL 33141
7,865 sq ftBuilt 1950MLS# A11891783
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About this property
PRIME LOCATION 10-UNIT MULTI-FAMILY IN THE HEART OF MIAMI BEACH. Fully Renovated multifamily including interior upgrades, new electrical & plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and new roof (July 2025). Solid 1950 CBS construction with 10 2BR/1BA apartments with 5 private backyards. Prime North Beach location-three blocks to the ocean, near Collins/Harding. In-place rents around $2,100–$2,200/mo with renewal upside toward $2,400–$2,500. Turnkey cash flow with clear value-add from rent growth and neighborhood momentum. NOI $186789, Cap rate 6.00%. Pro format Cap Rate 6.50% Pro format NOI $203.889.
Offering Memorandum available upon request.
Property details
- Property type
- Multi-family
- Year built
- 1950
- Living area
- 7,865 sq ft
- Price per sq ft
- $401
- Property taxes
- $32,321/yr
- Floors in building
- 2
- Building / community
- Harding Townsite
- Status
- Price reduced
- MLS #
- A11891783
