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7801 Byron Ave
Miami Beach, FL 33141
419 78th St · Multifamily Property For Sale
·
7 Units
Investment Highlights
- Seven rebuilt units feature impact windows, modern electrical and plumbing systems, HVAC, insulation, flooring, and designer kitchens and bathrooms.
- Two blocks from the beach in one of Miami Beach’s most desirable neighborhoods, the property offers lifestyle appeal and strong rental demand.
- Total monthly cash flow reaches $15,450, including income from on-site laundry, with two units pending leases at $2,000 and $1,900 per month.
- 6.8% cap rate across seven units, combined with a $200K price cut, offers strong immediate returns and long-term upside.
Property Facts
| No. Units | 7 | Lot Size | 0.13 AC |
| Property Type | Multifamily | Building Size | 4,387 SF |
| Property Subtype | Apartment | Average Occupancy | 0% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1939/2025 |
| Zoning | RM-1-30 - Multifamily | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 4,387 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built/Renovated | 1939/2025 |
| Zoning | RM-1-30 - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Washer/Dryer
- Kitchen
- Refrigerator
Site Amenities
- Laundry Facilities
- Storage Space
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,975 | 450 - 550 |
| 2+1 | 3 | $2,400 | 600 - 1,000 |
Property Taxes
| Parcel Number | 02-3202-007-1140 | Improvements Assessment | $702,400 |
| Land Assessment | $678,000 | Total Assessment | $1,380,400 |
Property Taxes
Parcel Number
02-3202-007-1140
Land Assessment
$678,000
Improvements Assessment
$702,400
Total Assessment
$1,380,400
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