Miami Beach, FL 33141,851 80th St
Miami Beach, FL 33141,851 80th St
Miami Beach, FL 33141,851 80th St
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Maria Kunigonis

Maria Kunigonis

+1(305) 300-8164
$1,500,000
Est. payment /mo
4,458 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,458 sqft

Price per Sqft $336

Subdivision Biscayne Bch Sub

MLS Listing ID A11923537

Style Fourplex

HOA Y/N No

Year Built 1947

Annual Tax Amount $17,758

Tax Year 2025

Property Sub-Type Quadruplex

Property Description

A well-maintained four-unit multifamily property in Miami Beach's North Beach neighborhood. The two-story, 4,458 SF building sits on a 5,650 SF lot, offering four spacious 2-bed/1-bath units. Located in one of Miami Beach's fastest-growing submarkets, the property benefits from strong rental demand due to its proximity to the beach, parks, schools, transit, and the upcoming Town Center redevelopment.

Zoned RM-1 (3900 – Multifamily, 38–62 units/acre), it provides flexibility and future redevelopment potential. Current income of $105,600 per year and projected $120,000 proforma yield a Net Operating Income of $66,435 (actual) and $80,835 (proforma). At a $1.5M price, returns equate to a 4.43% cap rate in place and 5.39% stabilized.

Nestled on a quiet block between Crespi Blvd and Hawthorne Ave, the property offers walkability to the beach, North Shore Park, the Bandshell District, restaurants, and public transit, with mature landscaping and stable occupancy ensuring a turnkey, low-maintenance investment in a high-demand rental corridor.

Location

State FL

County Miami-dade

Community Biscayne Bch Sub

Area 32

Interior

Heating Central

Cooling Central Air

Flooring Hardwood, Wood

Exterior

Pool None

Utilities Available Cable Available

Roof Type Concrete

Private Pool No

Building

Lot Description < 1/4 Acre

Story 2

Sewer Public Sewer

Architectural Style Fourplex

Level or Stories Two

Structure Type Block

Others

Tax ID 02-32-02-008-0701

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11923537

Read Less Info
Miami Association of Realtors (SEFMIAMI MLS)
Listed by Fausto Commercial Realty Consultants Inc

NEARBY SCHOOL & BUSINESS

SCHOOLS PROPERTIES
Elementary Schools 10
  • 10

    Ruth K. Broad/Bay Harbor K-8 Center

    Public | PK - 5

  • 9

    Mater Academy Miami Beach

    Public | KG - 8

  • 6

    Biscayne Elementary School

    Public | PK - 5

  • 6

    Natural Bridge Elementary School

    Public | PK - 5

  • 5

    Treasure Island Elementary School

    Public | PK - 5

  • 0

    Montessori Academy at St John's

    Private | PK - 2

  • 0

    Le Petit Papillon Montessori School

    Private | PK - 5

  • 0

    Happy Kids Private School

    Private | KG - 2

  • 0

    Lehrman Community Day School

    Private | PK - 5

  • 0

    Kinderland4kidz Llc

    Private | KG - 2

High Schools 1
  • 0

    Mater Brickell Preparatory Academy High School

    Public | 9 - 12

School and business data provided by Attom Data.

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Maria Kunigonis

Maria Kunigonis

+1(305) 300-8164

Broker Associate | BK3327478

Broker Associate BK3327478

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851 80th St