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847 81st St 8 Unit Apartment Building $1,999,999 ($250,000/Unit) 6.07% Cap Rate Miami, FL 33141
Executive Summary
Prime 8-unit income property in sought-after Biscayne Point, Miami Beach. All units are 1 bed/1 bath—6 leased at $1,800/month and 2 at $1,850/month. Each unit has its own electric meter. Most units have been renovated. 40-Year Certification good through 2028. Roof replaced in 2020. Strong rental income and great investment opportunity in a high-demand area. Property is fully occupied.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$174,360
|
$37.07
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$174,360
|
$37.07
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $174,360 |
| Annual Per SF | $37.07 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $174,360 |
| Annual Per SF | $37.07 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,999,999 | Apartment Style | Low-Rise |
| Price Per Unit | $250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 6.07% | Building Size | 4,703 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1948/2024 |
| Zoning | RM-2, Miami - Residential Multifamily | ||
| Price | $1,999,999 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 6.07% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 4,703 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1948/2024 |
| Zoning | RM-2, Miami - Residential Multifamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Property Taxes
| Parcel Number | 02-3202-008-1170 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $609,171 (2025) |
Property Taxes
Parcel Number
02-3202-008-1170
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$609,171 (2025)
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Presented by
coyaz holding llc
847 81st St
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