600 79Th St Miami Beach, FL 33141

This exceptional investment opportunity presents a 6-unit multifamily property located at 600 79th Street in Miami Beach, Florida, 33141. Built in 1950, this garden-style building offers a total of 3,853 square feet and boasts a prime North Beach location, just four blocks from the ocean. The property comprises a mix of unit sizes: three studios, two one-bedroom units, and one two-bedroom, one-bathroom unit. Currently, approximately 50% of the units are rented below market value, presenting a significant opportunity to increase rental income through strategic rent adjustments. The asking price is $1,425,000. While the building requires some renovations and improvements, its location in a highly desirable Miami Beach neighborhood offers substantial potential for value appreciation and strong rental returns. This property is ideal for investors seeking a hands-on project with significant upside potential in a thriving market. The property's existing structure provides a solid foundation for a renovation project, allowing for the creation of a high-yield investment property. This is a rare chance to acquire a multifamily property in a coveted Miami Beach location.