Map of Property

For Sale: 19-Unit Multifamily Portfolio

660 85th St, Miami Beach, FL 33141

  • For Sale Contact for pricing
  • Property Type Other
  • Lot Size 9,000 SF
  • Additional Rent Contact for pricing
  • Date Updated Nov 18, 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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Contacts

broker

Virgilio Fernandez

broker

Mitash Kripalani

Location

Getting Around

  • Walk Score ®

    43/100 Car-Dependent

  • Transit Score ®

    45/100 Some Transit

  • Bike Score ®

    53/100 Bikeable
Powered by Walk Score ®
  • 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

  • Taquiza

    0.74 miles

  • Burgers & Shakes

    0.77 miles

  • La Sandwicherie

    0.78 miles

  • Blozzom Pizza

    0.79 miles

  • Sushi Bichi

    0.80 miles

  • Manolo

    0.82 miles

  • Cafe Sazon

    0.83 miles

  • Fifi Beach Club

    0.85 miles

  • El Rancho Grande

    0.91 miles

  • Mi Tierra

    0.93 miles

  • Knobel School

    0.21 miles

  • Saint Josephs School

    0.22 miles

  • Matter Academy

    0.22 miles

  • Little White Schoolhouse

    0.38 miles

  • Abc A Learning Preschool

    0.44 miles

  • Abbott School and Day Care Center

    0.45 miles

  • Normandy School

    0.50 miles

  • Lehnman Community Day School

    0.50 miles

  • Lehrman Day School-Early Childhood Center

    0.53 miles

  • Biscayne Elementary Head Start

    0.55 miles

  • Happy Kids Child Care Center

    0.95 miles

  • Twinkling Star

    1.09 miles

  • Treasure Isle Care Center

    2.16 miles

  • Star Bright Child Development Center

    2.97 miles

  • My Second Home Loving Care Day Care Center

    2.97 miles

  • Toddler's Inn

    2.99 miles

  • Elisa Lopez Family Day Care Center

    3.33 miles

  • Bryan Day Care Center

    3.64 miles

  • Miami Shores Presbyterian Church Day Care Center

    3.65 miles

  • North Miami Early Childhood and Day Care Center

    3.67 miles

Frequently Asked Questions

How much does For Sale: 19-Unit Multifamily Portfolio cost?

The sale price for For Sale: 19-Unit Multifamily Portfolio is available upon request. Contact the listing broker for more information.

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Contact For Sale: 19-Unit Multifamily Portfolio