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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
This well-maintained income property combines stable cash-flow with a clear path for immediate rental growth from light interior renovations. Featuring six oversized +/- 795 SF 1-BR residences, each offering private screened-in patio and select units configured with flexible den areas. Now with brand new roof as of Sept. 2026, property features clean, bright interiors, impact windows & doors, and private surface parking for an elevated, low-density residential experience distinguished from conventional condominium living.
Plenty of immediate value-add upside available by updating appliances & finishes, adding in-unit washer/dryers, and transitioning remaining units to central A/C. 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. This is an attractive opportunity to acquire a low-maintenance asset with durable income, tons of upside, and long-term appreciation potential in one of Miami's most established water-front residential enclaves.
Plenty of immediate value-add upside available by updating appliances & finishes, adding in-unit washer/dryers, and transitioning remaining units to central A/C. 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. This is an attractive opportunity to acquire a low-maintenance asset with durable income, tons of upside, and long-term appreciation potential in one of Miami's most established water-front 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
Nearby Locations
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5555 Biscayne Blvd # 302, Miami, Florida 33137, United States