For Sale
$2,250,000

842 84 St Miami Beach, FL 33141

Prime location, high rental demand, development potential.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional multifamily property at 842 84th Street, Miami Beach, Florida, presents a unique investment opportunity. Built in 1954, the existing structure comprises eight rental units, currently generating income in the desirable Biscayne Point neighborhood. The strong rental market in this area ensures a consistent cash flow for investors seeking immediate returns. However, the property's true potential lies in its redevelopment possibilities. Located in a prime Miami Beach location, just minutes from the beach, the site allows for the construction of a new five-story building. This redevelopment project could yield ten spacious units, totaling 14,831 square feet of buildable area. This offers significant upside potential for investors looking to capitalize on the high demand for residential properties in this sought-after area of Miami Beach. The asking price for this versatile property is $2,250,000. This presents a rare chance to acquire a property with both immediate income generation and substantial long-term growth potential in one of Miami Beach's most coveted neighborhoods. The property is situated in Miami-Dade County, Florida, with a zip code of 33141.

Highlights

  • $2,250,000 asking price.
  • Multifamily property.
  • Built in 1954.
  • Located at 842 84th St, Miami Beach, FL 33141.
  • Eight existing multi-family units.
  • Potential for redevelopment up to five stories with 10 units and 14,831 sq ft.

Property Details for 842 84 St

Property type
Commercial real estate
Year Built
1954

Location Insight

City
Miami Beach
County
Miami-Dade
State
Florida
Latitude
25.8687155
Longitude
-80.1284572

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FAQs

What type of property is this?
Commercial real estate - Prime location, high rental demand, development potential.
Where is the commercial real estate located?
The property is located at 842 84 St Miami Beach, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: $2,250,000 asking price.; Multifamily property.; Built in 1954.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Property Records

Contacts

Brian R Btesh

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Useful Information

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84 St
Miami Beach, FL 33141

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84 St
Miami Beach, FL 33141

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

842 84 St
  • Brian R Btesh
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