8270-8280 NE 1st Pl - Apartments FOR SALE


Miami, FL 33138- Little River
$2,795,000 USD
860-605-6603
8270-8280 NE 1st Pl, Miami, FL for Sale
$2,795,000 USD
Apartments - FOR SALE
1/32
null | Request Cap Rate

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


HIGHLIGHTS

  • Turn-Key Income Producer: Fully renovated with cohesive, high-end designer-curated interiors that command premium rates
  • Operational Versatility: Dual-structure configuration allows income diversification
  • Prime Walkable Location: Surrounded by cafes, cultural establishments, art studios, chef-owned restaurants and neighborhood retail
  • Flexible Zoning & Future Development Upside: With T5-0 zoning, Opportunity Zone benefits, and Live Local Act eligibility, future redevelopment option

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. 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

$2,795,000 USD

PRICE/SF

$854 USD /SF

# OF UNITS

5

PRICE/UNIT

$559,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8270-8280 NE 1ST PL-Designer Rental Compound

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

T5-0

APN/PARCEL ID

01-3112-008-0410

ASK ABOUT THIS PROPERTY

Liz ColomaThe Alpha CommercialMore Info
860-605-6603

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Liz ColomaThe Alpha CommercialMore Info
860-605-6603

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