Multifamily – 3,568 sq. ft. in Miami, FL – Prime Investment Opportunity with 7%+ Cap Rate
Commercial Sale
Category: Multifamily
Price:$1,100,000
Location: Miami, FL
Year Built: 1936
Days on Market: 48
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!
Please visit Fausto Commercial
Listing Code: 1106447074