Property description of Quadruplex - Biscayne Bch Sub

A well-maintained four-unit multifamily property in miami beach’s north beach neighborhood. The two-story, 4,458 sf building sits on a 5,650 sf lot, offering four spacious 2-bed/1-bath units. Located in one of miami beach’s fastest-growing submarkets, the property benefits from strong rental demand due to its proximity to the beach, parks, schools, transit, and the upcoming town center redevelopment. Zoned rm-1 (3900 – multifamily, 38–62 units/acre), it provides flexibility and future redevelopment potential. Current income of $105,600 per year and projected $120,000 proforma yield a net operating income of $66,435 (actual) and $80,835 (proforma). At a $1. 5m price, returns equate to a 4. 43% cap rate in place and 5. 39% stabilized. Nestled on a quiet block between crespi blvd and hawthorne ave, the property offers walkability to the beach, north shore park, th

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