539 NE 82nd Ter - Apartments FOR SALE


Miami, FL 33138
$990,000 USD
954-743-7594
539 NE 82nd Ter, Miami, FL for Sale
$990,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

539 NE 82nd Ter
Miami, FL 33138


HIGHLIGHTS

  • Rare Unit Mix: Three (3) Units are 2 Bed/1 Bath, One (1) Unit is 1 Bed/1 Bath and One (1) Unit is a Large Studio
  • Fully Occupied in Place NOI of almost $74K, a 7.19% Cap Rate at Asking Price!
  • Desirable Upper East Side Location, Easy access to the Design District, Wynwood, and Magic City, Close to I-95 and more
  • 50 Year Recertification Completed as well as a New Roof

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$990,000 USD

PRICE/SF

$277 USD /SF

# OF UNITS

6

PRICE/UNIT

$165,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

East Side Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1936

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

-

APN/PARCEL ID

01-3207-015-0120

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.