7710 Carlyle Ave, Miami Beach FL 33141

ALTOS DEL MAR NO 3 is a residential income Quadruplex in the ALTOS DEL MAR NO 3 subdivision of Miami-Dade County. This premium 4-unit, value-add opportunity sits in the heart of North Beach—7710 Carlyle Ave, Miami Beach FL 33141—just three blocks from the Atlantic Ocean and three blocks from Biscayne Bay at the geographic center of Miami Beach’s North Shore residential corridor.
Built in 1951 with CBS construction, the one-story Attached building offers 3,425 SF of living area on a 5,650 SF lot. The unit mix is (2) 2BR/1BA units and (2) 1BR/1BA units; the property is fully occupied with stable tenants and all four leases are month-to-month for maximum operational flexibility. Cooling is provided by wall/window unit(s) and heating is window/wall.
Current rents run roughly 15–20% below comparable market rates, creating immediate upside with modest adjustments; NOI could increase approximately 20% at stabilized market rents. Located on a quiet, tree-lined street within walking distance of the Bandshell, 71st Street Town Center, parks, and the beach, North Beach is entering a transformation phase with 9+ development projects underway, a new $53.8M civic complex approved, and a CRA supporting a taxable base that grew 21% in its first two years. Exceptional fundamentals and RM-1 zoning make this an attractive Residential Income investment.