Turnkey Renovated 10-Unit
7435 Byron Ave Miami Beach, FL 33141
7435 Byron Ave, Miami Beach, FL, 33141
$3,250,000
For Sale
$3,250,000
MULTI_FAMILY - Miami Beach, FL
Property Size7,865 SF
Price / SF$413.22
Days on Market62
Property Features for 7435 Byron Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Standard status
- Active
- APN
- 02-32-02-003-0310
- Size
- 7,865 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- HARDING TOWNSITE PB 34-4 LOT 10 BLK 3 LOT SIZE 50.000 X 150 OR 18267-2737 0998 1
- Tax Annual Amount
- 32321
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air, Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Flooring type
- Vinyl
- Building materials
- Block
- Roof type
- Tile, Flat
Listing agency
Beachfront Realty Inc
(305) 405-0615
Listed by
Eric Amsallem · License #3185189
(786) 985-1374
Added: May 22 Updated: Jul 18 at 1:38AM Checked: Jul 22 at 7:06AM
MLS# A11891783
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey 10-unit multifamily property includes ten 2BR/1BA apartments housed in solid 1950 CBS construction. The offering describes comprehensive interior improvements, including new electrical and plumbing, new A/Cs, and refreshed landscaping. Exterior and safety upgrades include hurricane shutters. The roof was replaced in July 2025, supporting a more maintenance-conscious ownership profile.
Located in Miami Beach in the North Beach area, the property is described as about three blocks to the ocean and near Collins/Harding. The configuration includes five private backyards serving the apartments, providing outdoor space as part of the unit experience.
For buyers seeking an operationally ready asset, the property is presented as fully renovated with in-place rents around $2,100 to $2,200 per month, with renewal upside toward $2,400 to $2,500 mentioned in the remarks. The listing also provides performance figures of NOI $186,789 and a cap rate of 5.62%, along with pro forma figures of NOI $203,889 and cap rate 6.13% (per the offering memorandum, available upon request).
Located in Miami Beach in the North Beach area, the property is described as about three blocks to the ocean and near Collins/Harding. The configuration includes five private backyards serving the apartments, providing outdoor space as part of the unit experience.
For buyers seeking an operationally ready asset, the property is presented as fully renovated with in-place rents around $2,100 to $2,200 per month, with renewal upside toward $2,400 to $2,500 mentioned in the remarks. The listing also provides performance figures of NOI $186,789 and a cap rate of 5.62%, along with pro forma figures of NOI $203,889 and cap rate 6.13% (per the offering memorandum, available upon request).
Key Highlights
- 10‑unit multifamily with 2BR/1BA apartments
- Fully renovated interiors with new electrical and new plumbing
- New A/C units plus hurricane shutters; central heating and central air
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $230.3k | $29.28 |
| − Vacancy | −$10.4k | −$1.32 |
| EGI | $219.9k | $27.96 |
| − OpEx | −$99.0k | −$12.58 |
| NOI | $121.0k | $15.38 |
7,865 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.73M
$1.51M – $2.02M
NOI $120,958 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.99M
$3.49M – $4.66M
NOI $279,317 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Fully renovated 10-unit multifamily with 2BR/1BA apartments, private backyards, and recent roof replacement.
Where is this apartment building located?
The property is located at 7435 Byron Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 10‑unit multifamily with 2BR/1BA apartments; Fully renovated interiors with new electrical and new plumbing; New A/C units plus hurricane shutters; central heating and central air
