809 85th St Miami Beach, FL 33141
Biscayne Point NeighborhoodEstimated payment $10,395/month
Highlights
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- 1-minute walk to Stillwater Park
- Tile Flooring
About This Home
Prime Investment Opportunity in the Heart of Miami Beach! This Four-unit Multifamily Property Offers Spacious 2-bedroom units, all Currently on Month-to-Month leases, providing flexibility for New Ownership. Each unit has the potential to command $3,500/month, projecting an Annual gross income of $168,000. Estimated annual expenses are approximately $35,000, leading to a potential cap rate of 8.31%.
Located steps away from iconic attractions such as Lummus Park, the Art Deco Historic District, and Lincoln Road Mall, tenants will enjoy unparalleled Access to the best of Miami Beach. Don't miss out on this exceptional Property.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,785
Year Built
- Built in 1955
Home Design
- Quadruplex
- Built-Up Roof
Interior Spaces
- 4,731 Sq Ft Home
- 2-Story Property
- Tile Flooring
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Community Details
- 4 Units
- Biscayne Beach 2Nd Addn Subdivision
Listing and Financial Details
- Assessor Parcel Number 02-32-03-011-0660
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/05/2025 04/05/25 | For Sale | $1,600,000 | +52.4% | $338 / Sq Ft |
| 03/04/2022 03/04/22 | Sold | $1,050,000 | -4.5% | $222 / Sq Ft |
| 09/10/2021 09/10/21 | Price Changed | $1,100,000 | +11.2% | $233 / Sq Ft |
| 07/07/2021 07/07/21 | For Sale | $989,000 | 0.0% | $209 / Sq Ft |
| 09/05/2013 09/05/13 | Rented | $1,200 | 0.0% | -- |
| 09/05/2013 09/05/13 | For Rent | $1,200 | 0.0% | -- |
| 06/17/2013 06/17/13 | Sold | $440,000 | +10.3% | $105 / Sq Ft |
| 05/01/2013 05/01/13 | Pending | -- | -- | -- |
| 01/11/2013 01/11/13 | For Sale | $399,000 | -- | $95 / Sq Ft |
Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: F10496514
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