Residential Income Unit with Private
877 80th St #2, Miami Beach, FL 33141
For Sale
Contact for pricing
The unfurnished two-bedroom residence includes central A/C and a private outdoor area.
Property Size777 SF
Price / SF$2.83
Days on Market34
Property Features for 877 80th St #2
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Amenities
terrazzo flooring
new refrigerator
new electric range
cold central A/C
high-impact doors and windows
private backyard
Building Details
Year Built
Listing Agency:
Florida Realty of Miami Corp
(305) 598-5488
Listed By:
Alexander Kourahanis
(305) 798-3445
Source:
Davisrealtyandauction
Added: Oct 13
Changed: Nov 15
Last Checked: Nov 14 at 2:37PM
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 Florida Realty of Miami Corp
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Investment Insights
Based on property information with market context.
This 777-square-foot residential income unit has two bedrooms and one bathroom. Interior features include terrazzo flooring, a refrigerator, an electric range, and central A/C. The residence is offered unfurnished and includes high-impact doors and windows, along with a private backyard.
The property was built in 1952 and is approximately a 10-minute walk from the beach.
The property was built in 1952 and is approximately a 10-minute walk from the beach.
Key Highlights
- Two‑bedroom, one‑bathroom unit with 777 square feet
- Private backyard
- Approximately a 10‑minute walk to the beach
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,057
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,140
$241.1K
Cap Rate 7%
$172,243
$172.2K
Cap Rate 9%
$133,967
$134.0K
Market Conditions
NOI Build-Up for 777 SF
Gross rent
$23.5K $30.24/SF
− Vacancy
−$1.6K −$2.03/SF
EGI
$21.9K $28.21/SF
− OpEx
−$9.9K −$12.70/SF
NOI
$12.1K $15.52/SF
Area
Miami-Dade County, FL
Vacancy
6.70%
Lease Rate
$30.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,140
Cap Rate 7%
$172,243
Cap Rate 9%
$133,967
Alternative Uses
Best Use
Apartment 5plus
$172.2K
$150.7K – $201.0K
NOI $12,057 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$424.3K
$371.3K – $495.0K
NOI $29,701 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,084
Businesses Nearby
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Business Placement
Demographics for 33141, FL
35,995
Population
21,793
Households
1.7
Avg Household Size
44
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
15,650
Density / Sq Mi
$64,457
Median Household Income
$36,899
Median Earnings
$1,739
Median Rent
$434,500
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Miami Beach, FL
Properties on Market for Residential income properties in Miami Beach
Frequently Asked Questions
What type of property is this?
Residential income property - The unfurnished two-bedroom residence includes central A/C and a private outdoor area.
Where is this residential income property located?
The property is located at 877 80th St #2 Miami Beach, FL.
What are key features of this property?
This property features: Two‑bedroom, one‑bathroom unit with 777 square feet; Private backyard; Approximately a 10‑minute walk to the beach
