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7821 Byron Ave 2 Unit Apartment Building $1,300,000 ($650,000/Unit) 5.06% Cap Rate Miami Beach, FL 33141
Executive Summary
PLEASE SEE OM FOR MORE DETAILS!! Located in the heart of North Beach, this 4-unit multifamily property offers a strong opportunity for investors seeking income and long-term upside in Miami Beach. The property features 3,382 SF of building area on a 5,650 SF lot and is positioned near Collins Avenue, the beach, restaurants, shops, and neighborhood redevelopment. With tenants in place and potential for future renovation, repositioning, or redevelopment, 7821 Byron Ave is ideal for buyers looking to acquire a Miami Beach multifamily asset in the Altos Del Mar / North Shore submarket.
Property Facts
| Price | $1,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $650,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 5.06% | Building Size | 3,382 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1952 |
| Property Subtype | Apartment | Parking Ratio | 1.18/1,000 SF |
| Zoning | 3900 | ||
| Price | $1,300,000 |
| Price Per Unit | $650,000 |
| Sale Type | Investment |
| Cap Rate | 5.06% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,382 SF |
| No. Stories | 2 |
| Year Built | 1952 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | 3900 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
1 1
Moderately walkable
70/100
Fairly drivable
50/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 02-3202-007-1120 | Improvements Assessment | $168,682 |
| Land Assessment | $678,000 | Total Assessment | $846,682 |
Property Taxes
Parcel Number
02-3202-007-1120
Land Assessment
$678,000
Improvements Assessment
$168,682
Total Assessment
$846,682
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