842 84Th St Miami Beach, FL 33141

This exceptional Miami Beach multifamily property at 842 84th Street presents a unique investment opportunity. Built in 1954, the existing structure comprises eight rental units, currently generating income in the desirable Biscayne Point neighborhood. The strong rental demand in this area ensures a consistent return on investment for those seeking immediate income generation. However, the property's zoning allows for significant redevelopment potential. The site offers the possibility of demolishing the existing building and constructing a new five-story structure, creating ten spacious units with a total buildable area of 14,831 square feet. This presents a compelling opportunity for developers seeking to capitalize on Miami Beach's thriving real estate market. Located just minutes from the beach, this property benefits from its proximity to the vibrant amenities and attractions of this sought-after location. The asking price for this versatile property is $2,200,000, making it an attractive proposition for both seasoned investors and those seeking a high-growth investment in a prime Miami Beach location. The property is situated in Miami-Dade County, Florida, with a zip code of 33141.