535, 73rd Street, Atlantic Heights, Miami Beach, United States

Fausto Commercial is pleased to present an exclusive opportunity to acquire a fully occupied 8-unit multifamily asset in the heart of North Beach, just steps from the beach. The property features a 5,450 SF building comprised of eight oversized, fully renovated 1-bedroom/1-bath units, offering strong in-place income and consistent tenant demand in one of Miami Beach’s most desirable rental markets. Positioned in a prime beachside location, the asset benefits from immediate access to the ocean, nearby retail, dining, employment hubs, and Downtown Miami, roughly 20 minutes away. Currently generating approximately $172,000 in gross income, the property provides stable cash flow with additional upside through future rent growth in a supply-constrained coastal market. The asset has been extensively renovated — open-concept kitchens, real hardwood flooring, full hurricane-impact windows and doors, and a new 2023 roof — alongside a private garden, gated keypad entry, and on-site laundry, minimizing near-term capital needs for a new owner. Property is fully occupied, renovated, income-producing, and positioned for long-term rental growth in North Beach.