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$ 1,995,000
Est. payment | /mo
4,767 SqFt
$ 1,995,000
Est. payment | /mo
4,767 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,767 sqft
Price per Sqft $418
MLS Listing ID A12074969
HOA Y/N No
Year Built 1962
Lot Size 10,000 Sqft
Property Sub-Type Multi Family
Property Description
PRESENTING A BOUTIQUE 6-UNIT MULTIFAMILY ASSET OFFERING STABILIZED IN-PLACE INCOME + RENTAL UPSIDE IN AN EXCEPTIONAL EAST-OF-BISCAYNE MIAMI SHORES LOCATION....
This well-maintained income property combines stable cash-flow with a clear path for continued organic rental growth, featuring six oversized +/- 795 SF 1-BR residences, each offering private screened-in patio and select units configured with flexible den areas. Updated, bright interiors, some with stainless steel appliances and remaining value-add potential in the others, impact windows and doors, on-site laundry, and private surface parking create an elevated, low-density residential experience distinguished from conventional condominium living.
Positioned east of Biscayne Boulevard just steps from the waterfront, the property offers a unique combination of tranquility and everyday convenience. Residents enjoy quick access to main commercial corridors while remaining surrounded by the recreational and lifestyle amenities of the Miami Shores area, including nearby golf, tennis, waterfront recreation, upscale grocers, dining, and neighborhood retail. With completed building recertification and a new roof underway, this is an attractive opportunity to acquire a low-maintenance asset with durable income, attainable upside, and long-term appreciation potential in one of Miami's most established residential enclaves.
This well-maintained income property combines stable cash-flow with a clear path for continued organic rental growth, featuring six oversized +/- 795 SF 1-BR residences, each offering private screened-in patio and select units configured with flexible den areas. Updated, bright interiors, some with stainless steel appliances and remaining value-add potential in the others, impact windows and doors, on-site laundry, and private surface parking create an elevated, low-density residential experience distinguished from conventional condominium living.
Positioned east of Biscayne Boulevard just steps from the waterfront, the property offers a unique combination of tranquility and everyday convenience. Residents enjoy quick access to main commercial corridors while remaining surrounded by the recreational and lifestyle amenities of the Miami Shores area, including nearby golf, tennis, waterfront recreation, upscale grocers, dining, and neighborhood retail. With completed building recertification and a new roof underway, this is an attractive opportunity to acquire a low-maintenance asset with durable income, attainable upside, and long-term appreciation potential in one of Miami's most established residential enclaves.
Location
State FL
County Miami-dade
Area 22
Zoning 3000
Exterior
Private Pool Yes
Others
Tax ID 11-22-32-027-0100
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12074969
Listed by The Alpha Commercial Advisors LLC
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