8213 NE 1st Ave - Apartments FOR SALE


Miami, FL 33138- Little River
$1,345,000 USD
305-697-7011
8213 NE 1st Ave, Miami, FL for Sale
$1,345,000 USD
Apartments - FOR SALE
1/12
null | 4.02% Cap Rate

8213 NE 1st Ave
Miami, FL 33138
Little River


HIGHLIGHTS

  • Income-producing property offering reliable cash-flow from long-standing tenants, on-site parking, and secure gated premises.
  • Brand new roof (2023) and durable overall condition with opportunity for upgrades to unlock rental premiums.
  • Located in Little River -- one of Miami’s most active and rapidly evolving submarkets.
  • T5-O commercial zoning, Opportunity Zone benefits, and eligibility under the Live Local Act provide exceptional flexibility for future redevelopment.

OVERVIEW

THE ALPHA COMMERCIAL ADVISORS® PROUDLY PRESENTS 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. INVESTMENT HIGHLIGHTS Fourplex w/ Reliable Occupancy: Income-producing property offering reliable cash-flow from long-standing tenants, on-site parking, and secure gated premises in supply-constrained pocket adjacent major transit corridor. Strategic Value-Add Potential: Brand new roof (2023) and durable overall condition with opportunity for upgrades to unlock rental premiums—such as installing impact windows and doors, adding mini-split A/C systems, and updating kitchens, bathrooms, and flooring. Prime Little River Location: Located in one of Miami’s most active and rapidly evolving submarkets. Immediate access to I-95 and major corridors including NE 79th Street and Biscayne Boulevard. Surrounded by strong retail and dining options, including popular food hall—The Citadel. Flexible Zoning & Future Development Upside: T5-O zoning, Opportunity Zone benefits, and eligibility under the Live Local Act provide exceptional flexibility for future redevelopment and sustained long-term value creation with commercial and mixed-uses as retail, office and more.

FOR SALE DETAILS

PRICE

$1,345,000 USD

PRICE/SF

$526 USD /SF

# OF UNITS

4

PRICE/UNIT

$336,250

CAP RATE

4.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Little River Value-Add Fourplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

T5-O

APN/PARCEL ID

01-3112-012-0170

ASK ABOUT THIS PROPERTY

Jamie ManiscalcoThe Alpha CommercialMore Info
305-697-7011

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Jamie ManiscalcoThe Alpha CommercialMore Info
305-697-7011

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