Listed by Fausto Commercial Realty Consultants
$2,500,000
790 81st St
Details
APN 02-32-02-008-0540
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Square Footage 8,446
Units 10
Cap Rate 5.57%
NOI $139,314
Class B
Year Built 1958
Stories 2
Lot Size (SqFt) 5,650
Zoning 3900
Investment Type Value Add
10 unit multifamily in miami beach
Marketing description
*** SELLER FINANCE AVAILABLE*** A 10-unit multifamily property located in the highly walkable North Beach district of Miami Beach. Built in 1958, this two-story building sits between Hawthorne Avenue and Crespi Boulevard, just steps from the Tatum Waterway and minutes from the ocean. The property offers ten spacious one-bed/one-bath units, each over 700 square feet, with separate electric and gas meters, individual water heaters, and classic Miami Beach charm.
While selectively updated, the asset presents strong value-add potential through modernization and rent optimization. The area continues to benefit from significant public and private redevelopment, including the North Beach Town Center District and other large-scale projects driving sustained rent growth and property appreciation.
With a stable tenant base, flexible lease structure, and prime location near Collins Avenue, Harding Avenue, the Atlantic Ocean, and North Shore Park, Seven90 Apartments represents an excellent opportunity to acquire a boutique multifamily property combining stability, upside, and long-term investment value in one of Miami Beach’s most desirable rental submarkets.
Investment highlights
- Compelling Seller Financing Offered:
- Up to 70% LTV, Interest Only
- 6% with windstorm insurance
- 7% without windstorm insurance
- Operating Expense: $66,726
- Gross Rent: $206,040
- Property Taxes: $32,133
- Water: $4,500
- Garbage: $6000
- Landscaping: $960
Listing Contacts
Listed by Fausto Commercial Realty Consultants
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$139,314.00
$11,609.50/mo
Valuation Metrics
0
DSCR
5.57%
Cap Rate
5.57%
ROI
Map
Zoning
RM-1 ResidentialMulti FamilyResidential Multifamily Low Intensity
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View all 29 uses
View all 29 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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