8500 Byron Ave - Apartments FOR SALE


Miami Beach, FL 33141
$2,850,000 USD
786-227-1055
8500 Byron Ave, Miami Beach, FL for Sale
$2,850,000 USD
Apartments - FOR SALE
1/65
null | Request Cap Rate

8500 Byron Ave
Miami Beach, FL 33141


HIGHLIGHTS

  • Approximately 70' of Water Frontage
  • 7 Parking Spaces
  • Waterfront Deck & Dock
  • Two-story loft style unit with terrace
  • Corner Lot Property
  • Walking Distance to North Shore Park

OVERVIEW

Introducing 8500 Byron, a rare waterfront multifamily investment located in the rapidly developing North Beach neighborhood of Miami Beach. This property features nearly 70 feet of water frontage on the Tatum Waterway, offering both lifestyle appeal and substantial income potential. The building comprises seven spacious units, including a renovated two-story two bed 2 bath townhouse with a private rooftop terrace ideal for an owner-occupant, along with six additional residences (1 studio, 3 one-bedroom units, and 2 two-bedroom units). Amenities include a private dock with unobstructed boat access to the bay, dedicated off-street parking, lush landscaping, and in-unit laundry facilities in townhouse, onsite coin laundry for other units. Situated steps from beaches, parks, shops, and dining establishments, 8500 Byron benefits from strong tenant demand in a vibrant, walkable community. Recent significant capital improvements—including a new roof, replacement of the main sewer line, fresh paint, landscaping enhancements, and rooftop deck—ensure low-maintenance ownership while below-market rents provide immediate opportunities for financial growth.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$450 USD /SF

# OF UNITS

7

PRICE/UNIT

$407,143

CAP RATE

Request Cap Rate

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Edgewater Manor Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

RM-1

APN/PARCEL ID

02-3202-005-0050

ASK ABOUT THIS PROPERTY

Juan SotolongoCompass CommercialMore Info
786-227-1055

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Juan SotolongoCompass CommercialMore Info
786-227-1055

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