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809 85Th St Miami, FL 33141

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For Sale
$1,600,000

Four-unit property near Lincoln Rd, Miami Beach. Great investment.

Building Details

Year built
1955

Source: Lifestyle International Realty Agent Yairo Rincon

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

South Beach Fourplex Investment Opportunity

This fully occupied fourplex is located in South Beach, close to Lincoln Road. The property features four spacious 2-bedroom, 1-bath units. All units are currently under month-to-month leases, offering flexibility and potential for rental upside. Market rents are estimated at $2,500 per month, projecting a gross annual income of $120,000. Estimated annual expenses are approximately $35,000, resulting in a potential cap rate of 5.31%. There is no HOA. This property presents an investment opportunity in a high-demand, walkable area in the heart of Miami Beach.
Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Miami
County
Miami-Dade
State
Florida
Longitude
-80.127861
Latitude
25.869943

FAQs

What type of property is this?
Quadplex - Four-unit property near Lincoln Rd, Miami Beach. Great investment.
Where is this quadplex located?
The property is located at 809 85Th St Miami, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: - Prime South Beach location, close to Lincoln Road, in a high-demand, walkable area.; - Four spacious 2-bedroom, 1-bath units.; - Potential 5.31% cap rate.
More about this property
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