650 Euclid Ave Miami Beach, FL 33139
This exceptional 8-unit apartment building presents a compelling investment opportunity in the desirable Miami Beach area. Located at 650 Euclid Ave, Miami Beach, FL 33139, this two-story property boasts a total of 4,524 square feet situated on a 7,000 square foot lot (APN: 02-4203-009-3230). Originally constructed in 1940 and extensively renovated in 2010, the building offers a blend of classic charm and modern amenities. Each of the eight one-bedroom units is equipped with impact windows, central air conditioning, and a convenient in-unit washer and dryer, enhancing both tenant comfort and property value. Currently fully rented, this property generates consistent income, making it an ideal choice for investors seeking a stable and appreciating asset. The property is being offered as a 1031 exchange opportunity. Its prime location in Miami Beach ensures strong rental demand and potential for future appreciation. This is a rare chance to acquire a well-maintained, income-producing multifamily property in a highly sought-after location. The property's strong rental history and desirable features make it an attractive investment for both seasoned and new investors. Don't miss this opportunity to own a piece of Miami Beach real estate.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.