9050 NE 8th Ave - Apartments FOR SALE


Miami Shores, FL 33138
$5,000,000 USD
786-223-1942
9050 NE 8th Ave, Miami Shores, FL for Sale
$5,000,000 USD
Apartments - FOR SALE
1/9
null | 4.15% Cap Rate

9050 NE 8th Ave
Miami Shores, FL 33138


HIGHLIGHTS

  • Remodeled units
  • Very spacious parking and common areas
  • Great quite community

OVERVIEW

Income Producing Property Opportunity. Welcome to Asbury Park, a rare and exceptional investment opportunity in the heart of Miami Shores. This stunning multifamily building boasts 16 spacious units, situated on an expansive 30,000+ sq ft land parcel, offering endless possibilities for redevelopment, renovation, or continued operation as a thriving rental property. The property is only steps away from water access and the well-known US-1. Close proximity to shopping, public transportation, house of worship, grocery stores, schools, and much more.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$510 USD /SF

# OF UNITS

16

PRICE/UNIT

$312,500

CAP RATE

4.15%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16 unit apartment rental building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,537 SF

ZONING

A-2, Miami Shores

APN/PARCEL ID

11-3206-011-0020

ASK ABOUT THIS PROPERTY

Jahaira PelaezUnited Realty GroupMore Info
786-223-1942

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Jahaira PelaezUnited Realty GroupMore Info
786-223-1942

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