8270-8280 NE 1st Pl - Apartments FOR SALE


Miami, FL 33138- Little River
$2,690,000 USD
305-697-7011
8270-8280 NE 1st Pl, Miami, FL for Sale
$2,690,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

8270-8280 NE 1st Pl
Miami, FL 33138
Little River


HIGHLIGHTS

  • Turn-key and fully renovated by interior designer, all furniture and fixtures included in sale
  • Use optionality as wellness center, school, airbnb, office, or different uses per structure
  • Directly adjacent to The Citadel -- heart of Little River's evolution and walkable to retail
  • Commercial zoning & future development upside: T5-O zoning, Opportunity Zone and Live Local Act eligible

OVERVIEW

THE ALPHA COMMERCIAL ADVISORS™ PRESENTS AN EXTREMELY VERSATILE TURN-KEY ASSEMBLAGE IN THE HEART OF LITTLE RIVER’S EVOLUTION; WHERE DESIGN, DINING & RE-DEVELOPMENT CONVERGE. This meticulously maintained two-parcel rental compound is desirably situated adjacent The Citadel, offering a beautifully re-imagined 4-plex + single-family residence each delivered fully-renovated, designer-furnished, and ready for immediate use. With underlying T5-O commercial zoning, this opportunity provides rare optionality for maximizing investment potential, appealing to: --Multi-family investors & short-term rental operators seeking a plug-and-play rental hub in the most walkable pocket to F&B and retail. --Boutique hotel / hospitality groups envisioning a creative adaptive-reuse retreat framed by lush landscaping and curated interiors. --Specialty-use or institutional operators (school, wellness, design collective, etc.) seeking beautiful grounds and multiple structures ready for immediate occupancy. --Bullish covered-land buyers holding for future redevelopment—by-right potential for 19 units / 5 stories, or up to 292 units / 8–12 stories under Live Local Act incentives. INVESTMENT HIGHLIGHTS --Turn-Key Income Producer: Fully renovated with cohesive, high-end designer-curated interiors that command premium rates—ideal for immediate operation as Airbnb, boutique hospitality, or long-term rentals. --Operational Versatility: Dual-structure configuration allows income diversification via office or creative use within the SFR alongside income generation from the modernized 4-plex, supporting multiple investment approaches. --Prime Walkable Location: Steps from The Citadel–the culinary anchor of Little River– and surrounded by cafés, cultural establishments, art studios, chef-owned restaurants, and neighborhood retail. --Flexible Zoning & Future Development Upside: With T5-O zoning, Opportunity Zone benefits, and Live Local Act eligibility, the assemblage offers exceptional flexibility for future redevelopment and long-term value momentum. ZONING Located within a burgeoning section of Little River, the subject assemblage is zoned T5-O allowing for a diverse mix of multifamily, mixed-use, and commercial uses. Critically, the property sits directly along the border of the T6-8-O zoning district—one of the most sought-after designations in Miami’s urban core. This adjacency places the site in immediate proximity to multiple large-scale projects slated for delivery in the coming cycles, positioning the site at the leading edge of Little River’s next development wave. Max Density By Right is 19 units and Max Height By Right is 5 stories. PROPERTY OVERVIEW Step into a pristine, design-driven compound where renovated interiors, cohesive styling, and modern aesthetics create an elevated, ready-to-operate experience. While presently operated as a high-performing short-term rental, the compound’s configuration allows for smooth adaptation to a variety of end-user scenarios such as boutique educational uses, wellness concepts, creative workspaces, sales gallery or other specialty operators. The fourplex features three (3) 2-bedroom / 1-bath units and one sizable (1) 1-BR / 1-Bath unit, each showcasing its own unique design theme, and beautifully restored with high-end finishes and meticulous design details. PROPERTY HIGHLIGHTS --Two modern, meticulously maintained buildings --Four fully furnished units with upscale finishes and unique design themes --Granite countertops, stainless steel appliances, in-unit laundry --Fourplex equipped with new mini-splits & SFR features central AC --Impact windows and doors throughout --Fully gated properties with updated exterior lighting --Professionally landscaped grounds with furnished outdoor areas --Ample onsite parking and nearby public parking lot

FOR SALE DETAILS

PRICE

$2,690,000 USD

PRICE/SF

$822 USD /SF

# OF UNITS

5

PRICE/UNIT

$538,000

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ultimate Covered Land Play

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

T5-O

APN/PARCEL ID

01-3112-008-0410

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.