Turnkey 16 Units Multifamily in Prime North Beach | 6% Cap Rate.

Rare 16-unit multifamily portfolio in North Beach, featuring four adjacent fourplexes on a 17,343 SF lot with 16,528 SF of living space. Each 2BD/1.5BA unit includes in-unit laundry and central A/C, with current rents from $2,200–$2,350/month and gross income of $426,000. Long-term tenants provide stable cash flow, with upside in rent growth.

Passed 40-year recertification (2023); new roof permits in process. Estimated NOI of $299,769 at a 6.00% cap rate based on $5M asking. Prime investment in a high-demand Miami Beach location.