Interior
- Bathrooms
- 0
- Flooring
- Concrete
- Cooling
- Central Air
Active · Commercial
$3,499,000
1485 Bay Rd, Miami Beach, FL 33139
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1947
- Lot size
- 5,600 sq ft
- HOA fee
- —
- Annual tax
- $31,402
About this property
Premier South Beach Multifamily Investment Opportunity. Prime Corner Location | 8 Total Units | Redevelopment Potential. Presenting a rare opportunity to acquire a well-maintained eight-unit multifamily building in one of South Beach's most coveted locations. Situated on the prime corner of Bay Road directly across from the iconic Flamingo South Beach, this property offers exceptional visibility and an enviable address in the heart of Miami Beach's most dynamic neighborhood. Nearby luxury residential includes the Monad Terrace condominiums and several others. This premier corner parcel benefits from maximum exposure on Bay Road, one of South Beach's most desirable residential corridors.
Property location
Get Directions1485 Bay Rd, Miami Beach, FL 33139
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Facts & features
Exterior & Structure
- Property type
- Commercial
- Year built
- 1947
- Lot size
- 5,600 sq ft
- Roof
- Built Up
- Construction
- Block
Parking
- Covered spaces
- 0
HOA, Community & Financials
- Security
- Smoke Detectors
- Annual tax
- $31,402
- County
- Miami-Dade
- Days on market
- 280
- MLS listing ID
- A11899562
- Listing status
- Active
Virtual tour
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Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$3,924
- Cap rate
- 4.3%
- Net yield
- 4.3%
- Cash-on-cash return
- -4.8%
- Gross yield
- 6.6%
- Mortgage payment
- $16,587/mo
- Down payment
- $874,750
- Loan amount
- $2,624,250
- Annual NOI
- $151,951
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.