For Sale
$5,000,000

7610 Byron AveMiami Beach, FL 33141

20-Unit, Prime Beach Location, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 20-unit multifamily property, located at 7610 Byron Ave in Miami Beach, Florida, presents a compelling investment opportunity. The property boasts a prime corner lot location, offering unparalleled convenience and accessibility. Situated just steps from the beach, Ocean Terrace, Town Center, schools, the Miami Beach Tennis Center, and North Beach Oceanside Park, this asset benefits from a vibrant and highly desirable neighborhood with abundant amenities. The two buildings, constructed in 1940, feature a total of 11,300 to 12,200 square feet across two stories. The property comprises a mix of one-bedroom units and studios, all fully renovated to a high standard. Upgrades include impact windows, a new electrical service, a gated entrance, a renovated central courtyard, updated hallways, and modern interiors featuring wood-toned and bamboo flooring, granite countertops, stainless steel appliances, and PTAC units. This turnkey investment is a stabilized asset, poised for continued appreciation as ongoing neighborhood improvements are completed. The property's central location, combined with its recent renovations and strong rental demand, makes it an ideal addition to any investment portfolio. The asking price is $5,000,000. The property is situated in Miami-Dade County, Florida, zip code 33141.

Highlights

  • 20-unit multifamily property in prime Miami Beach location.
  • Corner lot, steps from beach, Ocean Terrace, and amenities.
  • Two buildings (11,300-12,200 sq ft), fully renovated with impact windows and modern interiors.
  • Turnkey investment with strong rental demand and significant recent upgrades.
  • Asking price: $5,000,000.

Property Details for 7610 Byron Ave

Property type
Square Feet
11,300 SF
Class
B
Year Built
1940
Buildings
2
Stories
2
Units
20

Location Insight

City
Miami Beach
County
Miami-Dade
State
Florida
Latitude
25.8614357
Longitude
-80.1240809
7610 Byron Ave, Miami Beach, Florida

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7610 Byron Ave
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