660 85th St, Miami Beach FL 33141

Description of 660 85th St, Miami Beach FL 33141

PLEASE SEE OM FOR MORE DETAILS!! 660 85th Street presents a rare opportunity to acquire a 12-unit boutique multifamily asset in the highly desirable Biscayne Point / North Beach submarket of Miami Beach. This four-story Art Deco-style building offers covered gated parking, elevator service, central AC, and private balconies—premium amenities rarely found in comparable North Beach boutique assets. Currently 83% occupied, the property includes two vacant units that provide immediate lease-up upside at market rents. Existing in-place rents remain approximately 30–40% below market, allowing a new owner to drive strong organic NOI growth through natural lease rollover without major capital improvements. Current gross income is approximately $242,700 annually, with stabilized upside projected near $288,300 and estimated NOI around $167,174. Located just blocks from the Atlantic Ocean, North Beach Oceanside Park, Ocean Terrace redevelopment, Bal Harbour Shops, and major retail amenities, the asset benefits from one of Miami Beach’s most supply-constrained rental micro-markets. Also available as part of a multi-property acquisition with 709 83rd Street, this offering provides added scale and portfolio synergies for investors seeking expanded North Beach exposure.

Property Details for 660 85th St, Miami Beach FL 33141

Pool Private

No

Building Information for 660 85th St, Miami Beach FL 33141

Building Area Total

13400

Building Area Units

Square Feet

Association

No

Property Information for 660 85th St, Miami Beach FL 33141

Lot Size Square Feet

6,150

Waterfront

No

View

No

New Construction

No

Public Records for 660 85th St, Miami Beach FL 33141

Parcel Number

02-32-02-008-1890

Tax Legal Description

BISCAYNE BEACH SUB PB 44-67 LOT 15 BLK 8 LOT SIZE 6150 SQ FT OR 13802-2057 0688 1

Zoning

3900

County Or Parish

Miami-Dade County

Location