790 81st St, Miami Beach, FL 33141 — MLS photo

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790 81st St, Miami Beach, FL 33141

Active · MultiFamily

$2,500,000

790 81st St, Miami Beach, FL 33141

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1958
Lot size
5,650 sq ft
HOA fee
—
Annual tax
$30,391

About this property

*** 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.

Property location

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790 81st St, Miami Beach, FL 33141

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
MultiFamily
Year built
1958
Lot size
5,650 sq ft

Parking

Covered spaces
0

HOA, Community & Financials

Annual tax
$30,391
County
Miami-Dade
Days on market
314
MLS listing ID
A11923577
Listing status
Active

Investment intelligence

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

-$3,467

Cap rate
4.0%
Net yield
4.0%
Cash-on-cash return
-5.9%
Gross yield
6.6%
Mortgage payment
$11,851/mo
Down payment
$625,000
Loan amount
$1,875,000
Annual NOI
$100,609

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.