8000 NE Bayshore Ct - Apartments FOR SALE


Miami, FL 33138- Upper East Side North
$9,400,000 USD
845-304-5148
8000 NE Bayshore Ct, Miami, FL for Sale
$9,400,000 USD
Apartments - FOR SALE
1/6
null | 5% Cap Rate

8000 NE Bayshore Ct
Miami, FL 33138
Upper East Side North


HIGHLIGHTS

  • Rare Opportunity To Acquire A 2-Story, Stabilized Asset In The Exceptional Upper East Side Neighborhood Of Miami
  • Property Has Been Meticulously Maintained By Professional Operator
  • Passed All Necessary Recertification Inspections Opportunity To Increase Rents By 15.43% With Minimal Capital Expenditures Needed
  • Majority Of The Units Have Been Renovated And Modernized Over Past Couple Years And Feature New Laminate Flooring, Stainless Steel Appliances, Granite
  • Community Amenities Include Ample Courtyard/Outdoor Space For Tenants, Full-Size Pool, And Security Gate
  • Strong Demographic Data In Neighborhood With Positive Growth Trends

OVERVIEW

The Boutique presents a rare opportunity to acquire a fully stabilized, income-producing multifamily asset in the heart of Miami. This 19,317-square-foot building features 45 well-maintained units and embodies the appeal of a classic low-rise garden-style community with enduring tenant demand. Built in 1956, the property blends vintage Miami character with functional design, offering an efficient unit mix that maximizes both occupancy and cash flow potential. With strong historical occupancy, The Boutique stands as a proven performer within Miami’s highly competitive rental market. The property’s consistent leasing history and strong in-place rents underscore its stability and attractive yield profile for investors seeking reliable returns. Thoughtful upkeep and operational efficiency have preserved its appeal while leaving ample room for strategic upgrades or repositioning to further enhance income performance. Zoned T5-R, the property also benefits from flexible redevelopment potential, allowing investors to explore value-add or long-term growth opportunities as the Miami multifamily market continues to strengthen. With its established track record, ideal scale, and prime zoning, The Boutique represents an exceptional investment opportunity for those looking to expand their portfolio with a high-performing, well-located Miami asset.

FOR SALE DETAILS

PRICE

$9,400,000 USD

PRICE/SF

$486 USD /SF

# OF UNITS

43

PRICE/UNIT

$218,605

CAP RATE

5%

% LEASED

77%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Boutique Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

R-3, Miami

APN/PARCEL ID

01-3208-011-0190

ASK ABOUT THIS PROPERTY

Daniel DratchFranklin StreetMore Info
845-304-5148

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Daniel DratchFranklin StreetMore Info
845-304-5148

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