893 NE 81st St - Apartments FOR SALE


Miami, FL 33138- Upper East Side North
$2,287,000 USD
305-570-2600
893 NE 81st St, Miami, FL for Sale
$2,287,000 USD
Apartments - FOR SALE
1/21
null | 5.11% Cap Rate


HIGHLIGHTS

  • Built 1959 | Renovated 2024 - Blends MiMo/Art Deco character with modern finishes
  • Fully Renovated Interiors - Upgraded kitchens, bathrooms, and flooring • In-Unit Washer/Dryer - Featur
  • In-Unit Washer/Dryer - Featured in every apartment
  • Secure Gated Parking - Dedicated lot for tenants and guests
  • Activated Common Lounge/Office - Flexible space for remote work or social gatherings
  • Top-of-Market Rents - Strong rental demand in Miami’s Shorecrest neighborhood

OVERVIEW

APEX Capital Realty is proud to present The Shorecrest Apartments, a boutique multifamily property located in Miami’s vibrant Shorecrest neighborhood. Originally built in 1959 and fully renovated in 2024, the property embodies the area’s signature MiMo/Art Deco charm while offering modern interiors designed for today’s renter. The unit mix consists of two spacious 2-bed/1-bath units, one 1-bed/1-bath unit, and one studio, all featuring upgraded kitchens, bathrooms, and flooring. Each apartment is equipped with in-unit washer/dryer, providing tenants the convenience of modern living. Residents enjoy a private, gated parking lot for secure and easy access, as well as a newly designed common lounge/office area, a flexible space to work from home, relax, or gather with friends and family. These thoughtful upgrades and amenities position the property to command top-of-market rental rates while delivering a strong long-term value proposition for investors.

FOR SALE DETAILS

PRICE

$2,287,000 USD

PRICE/SF

$169 USD /SF

# OF UNITS

7

PRICE/UNIT

$326,714

CAP RATE

5.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Shorecrest Apartment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,560 SF

ZONING

T3-R

APN/PARCEL ID

01-3207-016-1311

ASK ABOUT THIS PROPERTY

Adriano SalucciApex Capital Realty LLCMore Info
305-570-2600

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Adriano SalucciApex Capital Realty LLCMore Info
305-570-2600

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