660 83Rd StMiami Beach, FL 33141
- Residential income properties
- 8,000 SF
Property Details for 660 83Rd St
- Property size (Sq ft)
- 8,000 SF
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
This exceptional investment opportunity presents a 19-unit multifamily portfolio situated in the highly desirable Biscayne Point neighborhood of Miami Beach, Florida. The portfolio comprises two four-story Class B+ boutique apartment buildings located two blocks apart at 660 85th St & 709 83rd St, Miami Beach, FL 33141. Each building offers a mix of studio, one-bedroom, and two-bedroom units, totaling 19 units plus three non-conforming units for a total of 22 operating units. The buildings boast desirable features including surface parking, central air conditioning, and elevators. With a total square footage ranging from 8,000 to 9,300, this property presents a significant value-add opportunity. Current rents are significantly below market, allowing for a potential 40% rent increase with minimal improvements. The properties are zoned for multifamily use (APN: 02-3202-008-1890
Location Insight
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Latitude
- 25.8695
- Longitude
- -80.1264
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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