$1,100,000
$1,100,000
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3,964 SqFt
SOLD DATE : 10/09/2025
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,964 sqft
Price per Sqft $277
MLS Listing ID A11838739
Sold Date 10/09/25
HOA Y/N No
Year Built 1936
Annual Tax Amount $17,862
Contingent Pending Inspections
Lot Size 7,575 Sqft
Property Sub-Type Multi Family
Property Description
East Side Flats at 539 NE 82nd Terrace is a prime multifamily investment in Miami Shores. Built in 1936 with reinforced concrete, this well-maintained property features five units: one studio, one 1-bed/1-bath, and three 2-bed/1-bath units. Spanning 3,568 sq. ft. on a 0.17-acre lot, each unit offers a fully equipped kitchen, tiled floors, and wall A/C units. Residents enjoy a private backyard, ample parking, and a brand-new roof. Generating a 7%+ cap rate with potential to exceed 8%, this property offers strong cash flow. Situated off US-1, it provides easy access to Downtown Miami, airports, beaches, shopping, and dining. A rare investment opportunity in a high-demand rental market!
Location
State FL
County Miami-dade
Area 32
Interior
Heating Window Unit, Wall Furnace
Cooling Wall/Window Unit(s)
Exterior
Private Pool Yes
Building
Sewer Public Sewer
Water Public
Others
Tax ID 01-32-07-015-0120
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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