Map of Property

For Sale: 8-Unit Multifamily Property in the heart of Miami Beach

235 77th St, Miami Beach, FL 33141

  • For Sale $2,000,000
  • Property Type Other
  • Lot Size 2,700 SF
  • Year Built 1939
  • Date Updated Feb 3, 2025

Colliers, as exclusive listing broker, is pleased to present the opportunity to acquire the Malibu House apartments, a true value-add repositioning property located at 235 77th Street in North Beach just one block away from the Ocean Terrace Beach. The property sits directly on 77th Street and is located between Harding Avenue and Collins Avenue. The existing unit mix features four (4) studios and four (4) 1 bedroom / 2 bathroom units in a 2-story building with 3,520 square feet. Malibu House is centrally situated in North Beach just one block away from Ocean Terrace Beach with close proximity to many of the area’s parks, beaches, restaurants, shops and resorts.

 

Malibu House is an ideal investment for investors to capitalize on a true value-add deal in a strong, high barrier to entry market with significant upside potential through a couple of different investment strategies. Current ownership has in-place plans to reposition the four (4) 1-bedroom / 2-bathroom units into an additional four (4) units with 1 bathroom. Repositioning the building into 12 units at market rents will significantly increase the income on the property, therefore increasing value for the investor. The second value-add strategy is to reposition the building into short-term rental operations. Malibu House is a contributing property in the North Shore Historic District and located within the Limited Short-Term Permitted Zone of North Beach: Sec. 1420-1111 (d), therefore allowing the short-term rental use.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker
Julian Zuniga
broker
Damian Johnson
broker
Gerard Yetming

Location

Getting Around

  • Walk Score ®

    86/100 Very Walkable

  • Transit Score ®

    50/100 Good Transit

  • Bike Score ®

    76/100 Very Bikeable
Powered by Walk Score ®
  • City Miami Beach, FL
  • Neighborhood North Shore
  • Zip Code 33141
  • Market Miami

Points of Interest

  • Aventura

    6.85 miles

  • MiamiCentral

    7.45 miles

  • Brickell City Centre

    7.92 miles

  • Miami

    8.52 miles

  • Opa-Locka

    8.57 miles

  • Hialeah Market

    9.23 miles

  • Miami Airport

    9.62 miles

  • Miami Intermodal Center

    9.67 miles

  • Shell

    0.42 miles

  • Chevron

    0.42 miles

  • Marathon

    0.55 miles

  • Mobil

    1.17 miles

  • Speedway

    2.21 miles

  • ChargePoint

    3.23 miles

  • BP

    3.23 miles

  • Blink

    3.38 miles

  • Tesla Supercharger

    5.60 miles

  • Publix Charging Station

    5.81 miles

  • Miami Beach Parking Lot (P107)

    0.15 miles

  • CVS Parking

    0.17 miles

  • Walgreens Parking Lot

    0.21 miles

  • Miami Beach Parking Lot (P108)

    0.23 miles

  • Biscayne Elementary Parking Lot

    0.29 miles

  • Miami Beach Parking Lot (P92)

    0.33 miles

  • Parkview Point Condominium Parking Lot

    0.38 miles

  • Miami Beach Parking Lot (P91)

    0.39 miles

  • Miami Beach Parking Lot (P110)

    0.42 miles

  • Miami Beach Parking Lot (P109)

    0.43 miles

  • Baltic Hotel

    0.02 miles

  • Beachside Apartment Hotel

    0.04 miles

  • Seaside Apartment Hotel

    0.09 miles

  • The Broadmore Miami Beach

    0.16 miles

  • Days Inn & Suites Miami / North Beach Oceanfront

    0.16 miles

  • Ocean Surf Hotel

    0.17 miles

  • The New Hotel

    0.22 miles

  • Waterside Hotel

    0.25 miles

  • Villa Byron Suites

    0.27 miles

  • airbnb

    1.31 miles

  • Taquiza

    0.17 miles

  • Burgers & Shakes

    0.20 miles

  • La Sandwicherie

    0.22 miles

  • Blozzom Pizza

    0.22 miles

  • Sushi Bichi

    0.23 miles

  • Manolo

    0.26 miles

  • Cafe Sazon

    0.27 miles

  • Fifi Beach Club

    0.28 miles

  • El Rancho Grande

    0.37 miles

  • Denny's

    0.38 miles

  • Abbott School and Day Care Center

    0.19 miles

  • Abc A Learning Preschool

    0.19 miles

  • Temple Menorah Preschool

    0.23 miles

  • Lehnman Community Day School

    0.26 miles

  • Lehrman Day School-Early Childhood Center

    0.27 miles

  • Normandy School

    0.27 miles

  • Biscayne Beach Elementary School

    0.31 miles

  • Biscayne Elementary Head Start

    0.32 miles

  • Little White Schoolhouse

    0.40 miles

  • Abbott School Day Care

    0.44 miles

  • Happy Kids Child Care Center

    0.44 miles

  • Twinkling Star

    0.78 miles

  • Treasure Isle Care Center

    2.07 miles

  • Young President's Club Day Care Center

    3.27 miles

  • My Second Home Loving Care Day Care Center

    3.35 miles

  • Toddler's Inn

    3.38 miles

  • Star Bright Child Development Center

    3.38 miles

  • Casa Dei Bambini Day Care Center

    3.42 miles

  • Elisa Lopez Family Day Care Center

    3.45 miles

  • J Ingraham Early Childhood Development Center

    3.53 miles

Frequently Asked Questions

How much does For Sale: 8-Unit Multifamily Property in the heart of Miami Beach cost?

The space currently listed for sale at For Sale: 8-Unit Multifamily Property in the heart of Miami Beach asks for $2,000,000.

What is the total square footage of For Sale: 8-Unit Multifamily Property in the heart of Miami Beach?

For Sale: 8-Unit Multifamily Property in the heart of Miami Beach totals 3,520 square feet.

When was this property built?

For Sale: 8-Unit Multifamily Property in the heart of Miami Beach was built in 1939.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact For Sale: 8-Unit Multifamily Property in the heart of Miami Beach
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.