For Sale: 19-Unit Multifamily Portfolio

For Sale

660 85th St, Miami Beach, FL 33141

This Miami Beach property for sale is located at 660 85th St. Contact the listing broker for details on the current sale price for For Sale: 19-Unit Multifamily Portfolio. For Sale: 19-Unit Multifamily Portfolio is situated on a lot that is 9,000 square feet in size.

Contacts

broker
Virgilio Fernandez
broker
Mitash Kripalani

Property Details

  • Property Type Other
  • Lot Size 9,000 SF
  • Additional Rent Contact for pricing
  • Date Updated Dec 20, 2024

Colliers is pleased to present the opportunity to acquire Biscayne Point Portfolio, a unique 19-unit multifamily portfolio featuring two boutique apartment buildings. The properties are positioned two blocks away from each other in Biscayne Point near the North Beach neighborhood of Miami Beach. Biscayne Point is an exclusively sought-after neighborhood enclave minutes away from Bal Harbour shops as well as Miami’s most popular beaches, resorts, and restaurants.

Biscayne Point Portfolio is an ideal investment for investors looking for a light value-add opportunity with significant   upside in a strong rental market. The portfolio consists of 19 units spread across two properties with three additional non-conforming units, for a total of 22 operating units. The properties feature a mix of one-bedroom and two-bedroom units as well as one studio. Potential buyers will have the ability to raise rents by 40 percent due to rents being below market. Both properties are four-story Class B+ boutique apartment buildings with surface parking, central AC, and elevators.

Biscayne Point is a highly in-demand neighborhood due to its resort-like ambiance, gated entry, and 24-hour security. The neighborhood offers two park options including Stillwater Park and Crespi Park, providing residents ample green space for outdoor activities. Other nearby amenities include the Indian Creek Country Club, Normandy Shores Golf Club, and the luxury outdoor shopping center known as Bal Harbour Shops. Due to its prime location and resort-style living, Biscayne Point is ideal for affluent executives, families and retirees alike.

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Getting around

  • 43/100

    Walk Score ®

  • 45/100

    Transit Score ®

  • 53/100

    Bike Score ®

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Location

  • City Miami Beach, FL
  • Neighborhood Biscayne Point
  • Zip Code 33141
  • Market Miami

Points of Interest

  • Aventura

    6.30 miles

  • MiamiCentral

    7.69 miles

  • Opa-Locka

    8.16 miles

  • Brickell City Centre

    8.20 miles

  • Miami

    8.31 miles

  • Hialeah Market

    9.18 miles

  • Miami Airport

    9.62 miles

  • Miami Intermodal Center

    9.67 miles

  • Marathon

    0.92 miles

  • Chevron

    0.95 miles

  • Shell

    0.95 miles

  • Mobil

    1.61 miles

  • Speedway

    2.25 miles

  • BP

    2.73 miles

  • ChargePoint

    2.74 miles

  • Blink

    2.82 miles

  • Publix Charging Station

    5.32 miles

  • Tesla Supercharger

    5.70 miles

  • Miami Beach Parking Lot (P110)

    0.22 miles

  • Miami Beach Parking Lot (P100)

    0.24 miles

  • Miami Beach Parking Lot (P111)

    0.29 miles

  • Miami Beach Parking Lot (P109)

    0.30 miles

  • Miami Beach Parking Lot (P112)

    0.35 miles

  • Miami Beach Parking Lot (P108)

    0.41 miles

  • Miami Beach Parking Lot (P107)

    0.47 miles

  • Biscayne Elementary Parking Lot

    0.60 miles

  • 7438 Wayne Ave Parking

    0.71 miles

  • CVS Parking

    0.73 miles

  • Beach Place Hotel

    0.28 miles

  • The Donovan at Miami Beach

    0.32 miles

  • Beachside Apartment Hotel

    0.33 miles

  • Solara Surfside

    0.44 miles

  • Baltic Hotel

    0.59 miles

  • Four Seasons Hotel at The Surf Club

    0.62 miles

  • Seaside Apartment Hotel

    0.66 miles

  • The Broadmore Miami Beach

    0.73 miles

  • Days Inn & Suites Miami / North Beach Oceanfront

    0.73 miles

  • Bay Harbor 10076 E

    1.54 miles

  • M&L Food Market

    0.71 miles

  • Walgreens

    0.78 miles

  • Navarro's Supermarket

    0.93 miles

  • Bay Supermarket

    0.94 miles

  • Auto Tag Agency

    0.95 miles

  • Tropical Supermarket

    0.96 miles

  • Publix

    1.01 miles

  • Bal Harbour Shops

    1.30 miles

  • Mom & Pop Supermarket

    1.37 miles

  • Beach food market & Cafe

    1.40 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact For Sale: 19-Unit Multifamily Portfolio