Prime Investment Opportunity – East Side Flats, Miami Shores
Discover East Side Flats, a rare multifamily investment located at 539 NE 82nd Terrace in the sought-after Miami Shores neighborhood. Built in 1936 with durable reinforced concrete block construction, this well-maintained property features five residential units: one studio, one 1-bedroom/1-bathroom, and three 2-bedroom/1-bathroom units.
Spanning 3,568 square feet on a 0.17-acre lot, each unit offers fully equipped kitchens, tiled flooring, and wall A/C units. Residents enjoy a private backyard, ample on-site parking, and a brand-new roof, ensuring both comfort and long-term value.
At its current income, the property offers an attractive 7%+ cap rate, with the potential to stabilize at over 8%, making it an exceptional cash-flowing investment in a prime location.
Nestled on a quiet residential street just off US-1, East Side Flats provides unbeatable access to shopping, dining, entertainment, public transit, and major roadways. It's minutes from Downtown Miami, Miami International Airport, Miami-Opa Locka Executive Airport, championship golf courses, and the iconic Miami Beaches.
Don’t miss this high-yield investment opportunity in one of Miami’s most desirable rental markets!