7801 BYRON AVE, Miami Beach
$1,995,000 USD
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| Address | 7801 BYRON AVE, Miami Beach |
| Type of Property | Income / MultiFamily |
| Type of Business | Residential-Multi-Family |
| Business Location | Beach Access |
| Price | $1,995,000 |
| Property Status | Active |
| MLS Number | A11904329 |
| Property Size | 5650 |
| Lot Size | 5650 |
| Year Built | 1939 |
| Folio Number | 02-32-02-007-1140 |
| Gross Operating Income | $177,840 |
| Net Operating Income | $135,934 |
| Zoning Information | 3900 |
| Days on Market | 6 |
Detailed Description: Currently Cash Flowing $15,450 / Month! Massive $200K price drop! Fully gutted and rebuilt 7-unit multifamily just 2 blocks from the beach, now offered at a true 6.8% cap rate. Featuring (4) 1BD / 1BA and (3) 2BD / 1BA units—all brand new with impact windows, new electrical, plumbing, HVAC, insulation, flooring, kitchens, appliances, and designer baths. On-site laundry adds $450 / mo in income. Zero deferred maintenance, premium finishes, and a prime Miami Beach location make this a rare turnkey asset delivering strong cash flow and long-term upside.
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Address Information
| State | Florida |
| City | Miami Beach |
| County | Miami-Dade County |
| Zip Code | 33141 |
| Address | 7801 BYRON AVE |
| Business Location | Beach Access |
| Zip Code (4 Digits) | 2015 |
Financial Information
| Price | $1,995,000 |
| Price per Foot | $0 |
| Folio Number | 02-32-02-007-1140 |
| Gross Operating Income | $177,840 |
| Net Operating Income | $135,934 |
| Tax Amount | $21,678 |
| Tax Year | 2024 |
Full Descriptions
| Detailed Description | Currently Cash Flowing $15,450 / Month! Massive $200K price drop! Fully gutted and rebuilt 7-unit multifamily just 2 blocks from the beach, now offered at a true 6.8% cap rate. Featuring (4) 1BD / 1BA and (3) 2BD / 1BA units—all brand new with impact windows, new electrical, plumbing, HVAC, insulation, flooring, kitchens, appliances, and designer baths. On-site laundry adds $450 / mo in income. Zero deferred maintenance, premium finishes, and a prime Miami Beach location make this a rare turnkey asset delivering strong cash flow and long-term upside. |
| Roof Description | Barrel Roof |
| Floor Description | Ceramic Floor |
| Cooling Description | Central Individual A / C |
| Heating Description | Central Electric |
| Water Description | Public |
| Sewer Description | Public Sanitation |
Property parameters
| Living Area | 5650 |
| Lot Size | 5650 |
| Total Acreage | 0.000 |
| Zoning Information | 3900 |
| Maximum Leasable Size | 5650 |
| Year Built | 1939 |
| Type of Property | Income / MultiFamily |
| Type of Business | Residential-Multi-Family |
| Construction Type | Concrete Block Construction,CBS Construction,Insulated |
| Listed with | BrokerNation Real Estate |