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Gelfand Realty Miami Properties - Income/MultiFamily

8500 BYRON AVE, MIAMI BEACH, FL 33141

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Income/MultiFamily -

8500 BYRON AVE, MIAMI BEACH, FL 33141

Sold Price$2,600,000 Asking Price$2,748,000

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  • Days on market:

    145 day(s)
  • Original Price:

    $2,850,000
  • Tax Legal Description:

    BEACH BAY SUB PB 44-25 LOT 10 BLK 1 LOT SIZE 70.160 X 125 COC 26070-0808 11 2007 1
  • Tax Year:

    2023
  • Property Type:

    Income/MultiFamily
  • Waterfront:

    Yes
  • Waterfront Description:

    No Fixed BridgesOcean AccessCanal Front
  • Lease Term Remaining:

    Annual Lease
  • Construction Type:

    Concrete Block Construction
  • Cooling Description:

    Central Individual A/C
  • Heating Description:

    Central Electric
  • Special Listing Conditions:

    Sale

Description

$2,748,000 • waterfront access

Rare waterfront multifamily opportunity in highly desirable north beach with nearly 70’ of water frontage on tatum waterway. this updated property features 7 units, including a spacious two-story 2/2 townhouse with a private rooftop terrace, perfect for an owner-occupant, alongside six additional residences (1 studio, 3 one-beds, and 2 two-beds). with a private dock, off-street parking, and lush landscaping, 8500 byron offers a serene yet vibrant lifestyle. spacious units feature, modern updates, & abundant natural light, adding to tenant demand. located steps from beaches, parks, shops, & dining, 8500 seamlessly combines lifestyle appeal with income potential. significant capital improvements, including a new roof, main sewer line, decking & more, ensure low-maintenance ownership.

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