13,400
Área Construida
1989
Año de Construcción
660 85th Street presents a rare opportunity to acquire a 12-unit boutique multifamily asset in the highly desirable Biscayne Point / North Beach submarket of Miami Beach. This four-story Art Deco-style building offers covered gated parking, elevator service, central AC, and private balconies—premium amenities rarely found in comparable North Beach boutique assets. Currently 83% occupied, the property includes two vacant units that provide immediate lease-up upside at market rents. Existing in-place rents remain approximately 30–40% below market, allowing a new owner to drive strong organic NOI growth through natural lease rollover without major capital improvements. Current gross income is approximately $242,700 annually, with stabilized upside projected near $288,300 and estimated NOI around $167,174. Located just blocks from the Atlantic Ocean, North Beach Oceanside Park, Ocean Terrace redevelopment, Bal Harbour Shops, and major retail amenities, the asset benefits from one of Miami Beach’s most supply-constrained rental micro-markets. Also available as part of a multi-property acquisition with 709 83rd Street, this offering provides added scale and portfolio synergies for investors seeking expanded North Beach exposure. Seller financing available.
Área Construida
13400 pies²
Tamaño del Terreno
6150 sqft
Tipo de Propiedad
Hotel/Motel
MLS#
455086578
Año de Construcción
1989
Días en el Mercado
52
Propiedad ofrecida por cortesía de Beachfront Realty Inc
La información de la propiedad se considera confiable pero no está garantizada. Todas las propiedades están sujetas a venta previa, cambio o retiro. Datos actualizados por última vez el 6/11/2026. Propiedad proporcionada por cortesía del MLS de la Miami Association of REALTORS®. Los datos relativos a los bienes raíces en venta en este sitio web provienen en parte del programa Internet Data Exchange (IDX) de la MIAMI Association of REALTORS®.