About 809 85th St
Prime South Beach fourplex Close to Lincoln Rd; This fully occupied property features four spacious 2-bedroom, 1-bath units, all on month-to-month leases—ideal for flexibility and rental upside. Market rents are estimated at $2,500/month, with a projected gross income of $120,000/year. Estimated expenses are around $35,000, offering a potential 5.31% cap rate. No HOA. Great investment in a high-demand, walkable location in the heart of Miami Beach.
Features of 809 85th St
| MLS® # | F10512070 |
|---|---|
| Price | $1,600,000 |
| Bathrooms | 0.00 |
| Square Footage | 4,731 |
| Acres | 0.00 |
| Year Built | 1955 |
| Type | Residential Income |
| Sub-Type | Fourplex |
| Style | Detached |
| Status | Active-Available |
Community Information
| Address | 809 85th St |
|---|---|
| Area | 32 |
| Subdivision | BISCAYNE BEACH-2ND ADDN |
| City | Miami Beach |
| County | Miami-Dade County |
| State | FL |
| Zip Code | 33141-1136 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Window/Wall |
|---|---|
| Cooling | Wall/Window Unit Cooling |
| Fireplace | No |
| # of Stories | 2 |
| Stories | 2 |
Exterior
| Lot Description | Less Than 1/4 Acre Lot |
|---|---|
| Roof | Built-Up Roof |
| Construction | Cbs Construction |
Additional Information
| Zoning | 2800 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | None |
Listing Details
| Office | Lifestyle International Realty |
|---|