Turnkey Four-Plex with Pool
2120 Biarritz Drive Miami Beach, FL 33141
2120 Biarritz Drive, Miami Beach, FL, 33141
$1,850,000
For Sale
$1,850,000
Turnkey four-plex offers fully remodeled 1BR and 2BR units, new impact windows, mini-split AC, and a renovated pool with shared access.
Property Size3,492 SF
Price / SF$529.78
Days on Market34
Property Features for 2120 Biarritz Drive
General Information
- Standard status
- Active
- Size
- 3,492 SF
- Property subtype
- Multi-Family Income / Fourplex
Building Details
- Year Built
- 1956
Listing agency
EXP Realty LLC
(888) 883-8509
Listed by
Enrique Metauten · License #3276257
(888) 883-8509
Source
Compass
Added: Jun 18 Updated: Jul 21 at 8:19AM Checked: Jul 21 at 8:19AM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This turnkey four-plex includes four remodeled residences in a well-maintained, 1950s-era concrete-block building. The unit mix consists of two 1BR/1BA units and two 2BR units, including one 2/2 and one 2/1. Interiors feature modern kitchens, new appliances, brand-new bathrooms, premium flooring, ample closets, and private terraces with pool access. The improvements list also includes new impact windows, new water heaters, and efficient mini-split AC systems, with all city-required certifications and inspections reported as up to date with nothing pending.
The property is offered for sale with seller financing available and is located on Biarritz Drive in Miami Beach, described as being moments from the beach, intracoastal waterways, parks, schools, supermarkets, and dining.
Onsite amenities include a renovated pool area, landscaping, an onsite laundry room, and five dedicated parking spaces.
The property is offered for sale with seller financing available and is located on Biarritz Drive in Miami Beach, described as being moments from the beach, intracoastal waterways, parks, schools, supermarkets, and dining.
Onsite amenities include a renovated pool area, landscaping, an onsite laundry room, and five dedicated parking spaces.
Key Highlights
- 1956‑built concrete‑block four‑plex with four spacious units: two 1BR/1BA (796 SF each) and two 2BR units (~950 SF each)
- All units are fully remodeled with new appliances, brand‑new bathrooms, premium flooring, and modern kitchen finishes
- Energy‑efficient updates include new impact windows, new water heaters, and efficient mini‑split AC systems in all units
Local Financial Insights For Multifamily LT 5
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 | $88.0k | $25.20 |
| − Vacancy | −$4.8k | −$1.39 |
| EGI | $83.2k | $23.81 |
| − OpEx | −$24.9k | −$7.14 |
| NOI | $58.2k | $16.67 |
3,492 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$831.6K
$727.6K – $970.2K
NOI $58,211 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$767.2K
$671.3K – $895.1K
NOI $53,705 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,015 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Turnkey four-plex offers fully remodeled 1BR and 2BR units, new impact windows, mini-split AC, and a renovated pool with shared access.
Where is this quadplex located?
The property is located at 2120 Biarritz Drive Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 1956‑built concrete‑block four‑plex with four spacious units: two 1BR/1BA (796 SF each) and two 2BR units (~950 SF each); All units are fully remodeled with new appliances, brand‑new bathrooms, premium flooring, and modern kitchen finishes; Energy‑efficient updates include new impact windows, new water heaters, and efficient mini‑split AC systems in all units
