7435 Byron Ave Miami Beach, FL 33141
North Shore NeighborhoodEstimated payment $19,822/month
Highlights
- No HOA
- Central Heating and Cooling System
- 5-minute walk to Altos Del Mar Park
- Cooling System Mounted To A Wall/Window
- Vinyl Flooring
About This Home
PRIME LOCATION 10-UNIT MULTI-FAMILY IN THE HEART OF MIAMI BEACH. Fully Renovated multifamily including interior upgrades, new electrical & plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and new roof (July 2025). Solid 1950 CBS construction with 10 2BR/1BA apartments with 5 private backyards. Prime North Beach location-three blocks to the ocean, near Collins/Harding. In-place rents around $2,100–$2,200/mo with renewal upside toward $2,400–$2,500. Turnkey cash flow with clear value-add from rent growth and neighborhood momentum. NOI $186789, Cap rate 5.62%. Pro format Cap Rate 6.13% Pro format NOI $203.889.
Offering Memorandum available upon request.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $32,321
Year Built
- Built in 1950
Home Design
- Duplex
- Flat Tile Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 7,865 Sq Ft Home
- 2-Story Property
- Vinyl Flooring
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
Listing and Financial Details
- Rent includes gardener
- Assessor Parcel Number 02-32-02-003-0310
Community Details
Overview
- No Home Owners Association
- 10 Units
- Harding Townsite Condos
- Harding Townsite Subdivision
Building Details
- Operating Expense $70,976
- Net Operating Income $190,863
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/16/2026 02/16/26 | Price Changed | $3,325,000 | -2.2% | $423 / Sq Ft |
| 10/31/2025 10/31/25 | Price Changed | $3,400,000 | -2.9% | $432 / Sq Ft |
| 10/07/2025 10/07/25 | For Sale | $3,500,000 | -- | $445 / Sq Ft |
Source: MIAMI REALTORS® MLS
MLS Number: A11891783
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