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790 81st St
Miami Beach, FL 33141 Biscayne Beach

$2,500,000 USD

Apartments For Sale • 8,446 SF

Property Details

Property Type Apartments
Total Building Size 8,446 SF
Lot Size 0.13 AC
Building Class C
Year Built 1958
Cap Rate 5.57 %
Zoning RM-1

48 Transit Score

38 Walk Score

                
                    Highlights
                
                                5.57% cap rate at list price with additional upside through renovations
                            
                                Ten large 1-bed/1-bath units averaging 700+ rentable square feet.
                            
                                Separate electric and gas meters reduce operating expenses.
                            
                                Strong rental demand in highly walkable North Beach.
                            
                                Significant value-add potential through interior upgrades.
                            
                                Located near major redevelopment zones and the North Beach Town Center District.

Financial Summary (Actual)

Net Operating Income: $151,549 USD (2023)

Cap Rate:	5.57 %
Total Expenses:	$54,951 USD

Amenities

Trash Pickup - Curbside
Garden

Public Transportation

Commuter Rail	Drive	Walk	Distance
	21 min	-	9.3 mi
Golden Glades (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	25 min	-	10.0 mi
Airport	Drive	Walk	Distance
Miami International	38 min	-	17.7 mi
Fort Lauderdale/Hollywood International	37 min	-	19.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	10
Type:	Surface
Included in Rent:	Yes

Vicente Rodriguez 305-510-6627 Fausto Commercial Realty Consultants

790 81st St Miami Beach, FL 33141 Biscayne Beach