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30042614
30042613

790 81st St, Miami Beach, FL 33141

CC
FL 3593754
Fausto Commercial Realty Consultants
Fausto Commercial Realty Consultants
Listed by Fausto Commercial Realty Consultants
$2,500,000
119 days on market
Updated 23 days ago

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
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Listing Contacts

CC
FL 3593754
Fausto Commercial Realty Consultants
Fausto Commercial Realty Consultants
Listed by Fausto Commercial Realty Consultants

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$139,314.00
$11,609.50/mo

Valuation Metrics

0
DSCR
5.57%
Cap Rate
5.57%
ROI

Map

Zoning

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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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Property History

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Tax History

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Additional Information

Name
Chris Canizares
License
3593754
Brokerage
Fausto Commercial
Brokerage Phone
786-862-8247
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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