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7910 Byron Ave 5 Unit Apartment Building $1,900,000 ($380,000/Unit) Miami Beach, FL 33141
EXECUTIVE SUMMARY
Great investment opportunity with this multifamily located just two blocks from the ocean in Miami Beach, Fl. Well-maintained, 3,040 Total SF, and has 5 units (2 – Studios, 1- one bedroom/ 1 bath, 1 two bedroom/ 1 bath and 1 three bedroom/ 2 baths). Strong rental income potential, this property holds a grandfathered hotel license, allowing for both long-term tenants and short-term rental operators on a 12-month lease. property has been renovated with European kitchens with white quartz counter tops, stainless steel appliances, porcelain floors, impact windows and doors, spacious balcony on the upstairs unit, lots of closets and all windows have brand new modern blinds. 40-Year certification on hand. There is a laundry facility and bike parking area available on-site. Wifi.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$112,550
|
$40.35
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$112,550
|
$40.35
|
| Taxes |
$17,076
|
$6.12
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$17,076
|
$6.12
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $112,550 |
| Annual Per SF | $40.35 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $112,550 |
| Annual Per SF | $40.35 |
| Taxes | |
|---|---|
| Annual | $17,076 |
| Annual Per SF | $6.12 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $17,076 |
| Annual Per SF | $6.12 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,900,000 | Building Class | B |
| Price Per Unit | $380,000 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 3,040 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1939/2018 |
| Apartment Style | Low-Rise | Parking Ratio | 0.66/1,000 SF |
| Zoning | RM-1 - Residential Multi-Family, Low Intesity | ||
| Price | $1,900,000 |
| Price Per Unit | $380,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 3,040 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1939/2018 |
| Parking Ratio | 0.66/1,000 SF |
| Zoning | RM-1 - Residential Multi-Family, Low Intesity |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Wi-Fi
SITE AMENITIES
- Laundry Facilities
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | 600 - 650 |
| 3+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 02-3202-007-1470 | Total Assessment | $826,992 |
| Land Assessment | $678,000 | Annual Taxes | $17,076 ($5.62/SF) |
| Improvements Assessment | $148,992 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
02-3202-007-1470
Land Assessment
$678,000
Improvements Assessment
$148,992
Total Assessment
$826,992
Annual Taxes
$17,076 ($5.62/SF)
Tax Year
2025
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7910 Byron Ave
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