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Multifamily

815 80th St

815 80th St, Miami Beach, FL 33141

Listing Price: $2,250,000

Cap Rate
4.87%
Number of Units
12
Occupancy
100.0%
Price/Unit
$187,500
Price/Gross SF
$319.83
Gross SF
7,035

Investment Overview

Marcus & Millichap is pleased to offer for sale 815-820 80th Street, a 12-unit apartment building located in the North Beach neighborhood of Miami Beach. The property sits on an 11,300 square foot lot, consisting of two 6-unit buildings. The property is located less than a ten minute walk from the beach. North Beach is about to undergo major renovations, stretching from the start of North Beach all the way to Surfside. Just some of the items Plan NOBE includes are a making a pedestrian-friendly town center and providing more mobility options. Plans to build 283 apartments, including 125 micro-units and over 10,000 square foot of retail and restaurant space were recently approved and will go up between 71st and 72nd street, between Byron and Carlyle avenues.

Investment Highlights

  • Completed a gut renovation last year
  • Less than a ten minute walk from the beach
  • Steps from North Shore Park, fine cuisine, and the new Target coming into the area

Exclusively Listed By

Listing Price: $2,250,000

Cap Rate
4.87%
Number of Units
12
Occupancy
100.0%
Price/Unit
$187,500
Price/Gross SF
$319.83
Gross SF
7,035

Investment Highlights

  • Completed a gut renovation last year
  • Less than a ten minute walk from the beach
  • Steps from North Shore Park, fine cuisine, and the new Target coming into the area

Investment Overview

Marcus & Millichap is pleased to offer for sale 815-820 80th Street, a 12-unit apartment building located in the North Beach neighborhood of Miami Beach. The property sits on an 11,300 square foot lot, consisting of two 6-unit buildings. The property is located less than a ten minute walk from the beach. North Beach is about to undergo major renovations, stretching from the start of North Beach all the way to Surfside. Just some of the items Plan NOBE includes are a making a pedestrian-friendly town center and providing more mobility options. Plans to build 283 apartments, including 125 micro-units and over 10,000 square foot of retail and restaurant space were recently approved and will go up between 71st and 72nd street, between Byron and Carlyle avenues.

Exclusively Listed By

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