7610 Byron Ave Miami Beach, FL 33141

Property Details for 7610 Byron Ave

Year built

1940

Property size

11,300 SF

Property type

Commercial real estate

Description

This exceptional 20-unit multifamily property, located at 7610 Byron Ave in Miami Beach, Florida, presents a compelling investment opportunity. The property boasts a prime corner lot location, offering unparalleled convenience and accessibility. Situated just steps from the beach, Ocean Terrace, Town Center, schools, the Miami Beach Tennis Center, and North Beach Oceanside Park, this asset benefits from a vibrant and highly desirable neighborhood with abundant amenities. The two buildings, constructed in 1940, feature a total of 11,300 to 12,200 square feet across two stories. The property comprises a mix of one-bedroom units and studios, all fully renovated to a high standard. Upgrades include impact windows, a new electrical service, a gated entrance, a renovated central courtyard, updated hallways, and modern interiors featuring wood-toned and bamboo flooring, granite countertops, stainless steel appliances, and PTAC units. This turnkey investment is a stabilized asset, poised for continued appreciation as ongoing neighborhood improvements are completed. The property's central location, combined with its recent renovations and strong rental demand, makes it an ideal addition to any investment portfolio. The asking price is $5,000,000. The property is situated in Miami-Dade County, Florida, zip code 33141.