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Active Income/MultiFamily
$1,299,000 ↓ −$46,000 (3.4%)
8213 NE 1st Ave, Miami FL 33138, Miami, FL 33138
0 Beds
Bedrooms
0 Baths
Bathrooms
— sqft
Living Area
1957
Year Built

About This Property

PRESENTING AN INCOME-PRODUCING COVERED ASSET WITH VALUE-ADD POTENTIAL IN SUPPLY-CONSTRAINED
COMMERCIAL ZONING POCKET OF LITTLE RIVER.

Sporting a well-balanced unit mix of (2) 1-BR/1-Bath and (2) 2-BR/2-Bath units with consistent occupancy at below-market rents, the property delivers dependable performance with tons of upside through aesthetic, structural, and rental value-add execution. The asset benefits from a new roof (replaced in 2023) and solid overall condition as-is, with optionality for strategic capital improvements to address upcoming recertification and cosmetic upgrades geared toward strengthening tenant appeal.

Located adjacent to the NE 82nd Street connector-corridor, the property benefits from unmatched accessibility between I-95 and the Little River area’s main
business district and transit hubs such as Biscayne Blvd, NE 79th Street and NE 2nd Avenue. With underlying T5-O commercial zoning, this property offers rare
usage flexibility, allowing an investor to maximize long-term gains via re-development or adaptive re-use toward a range of commercial uses including retail, office, education and multi-family.

Property Details

Property Type Income/MultiFamily
Days on Market 95 days
HOA Fee None
Parking — spaces
Pool No
Waterfront No
Community
Pets Allowed

Assigned Schools

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School Grades Address Report Card
Miller, Phyllis R. Elementary
Elementary 305-756-3800
PK-5
840 NE 87 St., Miami, FL 33138
Mann, Horace Middle
Middle 305-757-9537
6-8
8950 NW 2 Ave., El Portal, FL 33150
Miami Edison Senior High
High School 305-751-7337
9-12
6161 NW 5 Ct., Miami, FL 33127

Source: County GIS attendance zone boundaries. Assignments are based on property location and may change. Use Miami-Dade County Public Schools's official locator to confirm.

Location

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D
Dayron Crespo
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