701 82Nd StMiami Beach, FL 33141

This exceptional investment opportunity presents a fully occupied, four-unit apartment building located at 701 82nd Street in the desirable Biscayne Point subdivision of Miami Beach, Florida. The property, built in 1947, boasts a total of 3,725 square feet situated on a 5,650 square foot lot. The building is a two-story concrete block structure with central air conditioning and on-site private parking. Each of the four units offers spacious two-bedroom layouts, contributing to the property's strong occupancy rate of 100%. The current Net Operating Income (NOI) stands at $74,380, representing a price per square foot of $429.53. The asking price for this value-add, core investment is $1,600,000. The property is zoned RM-1, offering potential for future development or renovation. This is a rare opportunity to acquire a well-maintained multifamily property in a prime Miami Beach location with significant upside potential. The strong cash flow and high occupancy make this an attractive investment for both seasoned and new investors seeking a stable and profitable asset in a thriving market.