Totally updated income generating building! Walk to the beach! This two-story, 4,162 sf multifamily building sits on a 5,500 sf lot and offers immediate income! The property features 4 spacious units, each a 2-bedroom / 2-bathroom residence, all currently leased on 12-month agreements. Current annual income:$112,800 projected annual income: $124,000 noi: $71,447 cap rate: 4. 61% fully updated in 2019, including completion of the 40-year certification. New roof installed with permits in january 2026, offering long-term peace of mind. Unit features: hurricane-impact windows and doors, recent interior paint, porcelain flooring, in-unit washer/dryer combos, stainless-steel appliances, open-concept kitchens, and a well-maintained garden with secured fencing. Situated in a high-demand rental area near the upcoming town center redevelopment, surrounded by new luxury high-rises—a strong ca
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| Name | Address | Type | # of Students | Grades | Distance |
|---|---|---|---|---|---|
| Lehrman Community Day School | 727 77TH ST | private | 300 | PK - 5 | 0.05 mi |
| Biscayne Beach Elementary School | 800 77TH ST | public | 578 | PK - 5 | 0.1 mi |
| Happy Kids Private School | 7118 BYRON AVE | private | 9 | PK - 2 | 0.41 mi |
| Gan Katan | 7055 BONITA DR | private | 66 | PK - 4 | 0.47 mi |
| Mater Academy (miami Beach) | 8625 BYRON AVE | public | 614 | KG - 8 | 0.65 mi |
| Stars Learning Center | 2140 VERDUN DR | private | 25 | PK - 2 | 1.27 mi |
| Ruth K. Broad Bay Harbor K-8 Center | 1155 93RD ST | public | 1249 | PK - 8 | 1.59 mi |
| Treasure Island Elementary School | 7540 E TREASURE DR | public | 399 | PK - 5 | 1.75 mi |
| Lanaar | 2225 NE 121ST ST | private | 84 | 1 - 4 | 2.54 mi |
| Montessori Academy At St John's | 4760 PINE TREE DR | private | 17 | PK - 3 | 2.7 mi |
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