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North Beach, Miami Beach, FL 33141
Property Type
Duplex
Central AC
Yes
Year Built
1950
Listing courtesy of Eric Amsallem of Beachfront Realty Inc.
PRIME LOCATION 10-UNIT MULTI-FAMILY IN THE HEART OF MIAMI BEACH. Fully Renovated multifamily including interior upgrades, new electrical & plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and new roof (July 2025). Solid 1950 CBS construction with 10 2BR/1BA apartments with 5 private backyards. Prime North Beach location-three blocks to the ocean, near Collins/Harding. In-place rents around $2,100–$2,200/mo with renewal upside toward $2,400–$2,500. Turnkey cash flow with clear value-add from rent growth and neighborhood momentum. NOI $186789, Cap rate 5.62%. Pro format Cap Rate 6.13% Pro format NOI $203.889. Offering Memorandum available upon request.
Miami Beach
A11891783
7,865 Sqft
North Beach
Duplex
1950
Block
2
Two
1950
3900
North Beach
florida
Yes - Central Air, Wall/Window Unit(s)
Vinyl
Yes - Central
Total$17,036.74/Month
*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.
North Beach, FL, offers a relaxed outdoor lifestyle with its beautiful beaches, ideal for sunbathing, swimming, and water sports.
Information is deemed reliable but is not guaranteed and should be independently verified.