Renovated 10-Unit Multifamily
7435 Byron Ave Miami Beach, FL 33141
New
7435 Byron Ave, Miami Beach, FL, 33141
$3,250,000
For Sale
$3,250,000
Fully renovated 10-unit multifamily with 2-bedroom/1-bath apartments and private backyards.
Property Size7,865 SF
Price / SF$413.22
Days on Market1
Property Features for 7435 Byron Ave
General Information
- Standard status
- Active
- Size
- 7,865 SF
Building Details
- Year Built
- 1950
Listing agency
Beachfront Realty Inc
(305) 405-0615
Listed by
Eric Amsallem · License #3185189
Source
Mymiahomes
Added: Jul 21 Checked: Jul 21 at 7:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Beachfront Realty Inc
Investment Insights
Based on property information with market context.
This fully renovated 10-unit multifamily property is built on solid 1950 CBS construction and features ten 2-bedroom, 1-bath apartments. Improvements include interior upgrades plus new electrical and plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and a new roof completed July 2025. The layout also provides five private backyards for select units, adding outdoor space to the residential configuration.
Located at 7435 Byron Ave in Miami Beach, the property is positioned in North Beach, about three blocks to the ocean and near Collins/Harding.
The offering is presented as turnkey, with in-place rents currently around $2,100–$2,200 per month and additional renewal upside toward approximately $2,400–$2,500 per month, supported by the seller’s remarks. An offering memorandum is available upon request.
Located at 7435 Byron Ave in Miami Beach, the property is positioned in North Beach, about three blocks to the ocean and near Collins/Harding.
The offering is presented as turnkey, with in-place rents currently around $2,100–$2,200 per month and additional renewal upside toward approximately $2,400–$2,500 per month, supported by the seller’s remarks. An offering memorandum is available upon request.
Key Highlights
- Fully renovated 10‑unit multifamily built in 1950 (CBS construction) in North Beach area of Miami Beach
- Unit mix: ten 2BR/1BA apartments; each unit includes a private backyard
- Renovations include new electrical and plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and a new roof (July 2025)
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
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 2-bedroom/1-bath apartments and private backyards.
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: Fully renovated 10‑unit multifamily built in 1950 (CBS construction) in North Beach area of Miami Beach; Unit mix: ten 2BR/1BA apartments; each unit includes a private backyard; Renovations include new electrical and plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and a new roof (July 2025)
