Unique investment opportunity to acquire a fully renovated, turnkey 8-unit apartment building situated on a generous 12,516 SF lot just half a block from Biscayne Bay in Miami's highly desirable Shorecrest neighborhood. Recently renovated in 2023, the property features a beautifully landscaped courtyard, on-site laundry facilities, and 9 dedicated parking… Read More spaces—an exceptional amenity for the area. The unit mix and upgrades position the asset for immediate income generation with strong rental upside. The property is zoned T-5-R, offering significant long-term redevelopment potential. Investors have the option to reimagine the site into a boutique 5-story hotel, condominium, or expanded multifamily project, potentially capturing bay views and maximizing density. Alternatively, this is an ideal long-term hold in a rapidly appreciating submarket, with increasing rental demand driven by proximity to Biscayne Bay, MiMo District, and ongoing neighborhood revitalization. Also nearby include waterfronts, parks, boutiques, restaurants, and key commuter routes with a short drive to I-95. With full occupancy and strong tenant retention, this property combines dependable cash flow with future growth potential in one of Miami's most dynamic submarkets. Prime location East of Biscayne Boulevard and half a block to Biscayne Bay, places it West of North Bay Village, North Beach & Nearby Surfside, 20 Min Drive to the Beach and positioned North West of Miami Beach/South Beach. Read Less
Courtesy of LoKation 954-545-5583
Listing Snapshot
Days Online
11
Last Updated
Property Type
Quadruplex
Square Ft.
4,600
Lot Size
0.29 Acres
Year Built
1956
MLS Number
B26018137
Additional Details
Property Access
Road frontage type: "City Street"
Appliances & Equipment
Other equipment: "Varies by Unit"
Building
Built in 1956, Living area: 4600, Construction materials: "Block", Toal building area: 4600, 2 total units
Cooling
"Wall/Window Unit(s)"
Exterior Features
"Courtyard", "Garden"
Fence
"Fenced"
Floors
"Vinyl"
Heating
"Window/Wall"
Laundry
"In Unit"
Lot
0.29 acres, "Oversized Lot"
Energy Saving
Green indoor air quality: "Integrated Pest Management"
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed.
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