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8-Unit Waterfront Apartment Building

11900 N Bayshore Dr #1-8, North Miami, FL 33181

For Sale
New
$5,500,000

All residences have in-unit washers and dryers, updated AC systems, and appliances.

Property Size7,170 SF
Price / SF$767.09
Days on Market4

Property Features for 11900 N Bayshore Dr #1-8

General Information

Standard status Active
Size 7,170 SF
Property subtype Income/MultiFamily

Site & Location

Neighborhood Biscayne South

Units

Unit Mix 6 x 2BR, 2 x 1BR
Multifamily Units 8

Additional Details

Cap Rate 5.75%

Amenities

washer/dryer
air conditioning
dock and seawall with boat pedestal
stone paver backyard
0.25826 acres
Parcel Number: 06-22-28-011-4440, Public Survey Range: 22, Public Survey Section: 28, Public Survey Township: 22, Annual Amount: $48,844, Legal Description: 28 52 42 SANS SOUCI ESTS PB 50-86 LOT 207 BLK 14 LOT SIZE 90.000 X 125 COC 23420-0764 05 2005 6, Zoning: 0900
Listing ID: A12113344, Standard Status: Active, MLS Status: Active, Property Subtype: Income/MultiFamily, On market as of 2026-11-06, Special Conditions: Sale
Built in 1958, Living area: 7170, Living area units: Square Feet
County/Parish: Miami-Dade County
Leasable area units: Square Feet
8 units in community
Canal Width 1-80 Feet, Intracoastal Front, No Fixed Bridges, Ocean Access

Building Details

Year Built 1958
Listing Agency: Real Broker, LLC
Listed By: Joseph Brikman · License #3483305
Source: Riserealty
Added: Nov 6 Changed: Nov 8 Last Checked: Nov 8 at 3:04PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker, LLC

Rey
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Investment Insights

Based on property information with market context.

This 8-unit apartment property has a 6-unit two-bedroom and 2-unit one-bedroom mix. The 7,170 property-size figure is recorded for the asset. Renovation work includes new AC systems and appliances, while each residence has a washer and dryer. The property was built in 1958 and has a 5.75% cap rate in place.

Waterfront improvements include a new 86-inch dock and seawall, plus a boat pedestal set up for a vessel up to 96 feet. The backyard has stone pavers. Shops, restaurants, and houses of prayer are within walking distance. The ocean route has no fixed bridges, and the source describes a trip to the Bahamas in under 20 minutes.

Key Highlights

  • 8 units: six 2‑bedroom residences and two 1‑bedroom residences
  • 5.75% cap rate in place
  • New 86" dock and seawall with a boat pedestal for boats up to 96'

Property Analytics

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Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

1,391
Businesses Nearby

Demographics for 33181, FL

20,955
Population
9,401
Households
2.2
Avg Household Size
39
Median Age
41%
College-Educated
91%
High-School Grad
3.0 sq mi
ZIP Area
6,985
Density / Sq Mi
$56,473
Median Household Income
$40,233
Median Earnings
$1,665
Median Rent
$315,200
Median Home Value
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Market

Average Price Trend$/SF for Apartment buildings in Miami-Dade County, FL

$472 Jul
$457 Aug
$479 Sep
$459 Oct

Properties on Market for Apartment buildings in Miami-Dade County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - All residences have in-unit washers and dryers, updated AC systems, and appliances.
Where is this apartment building located?
The property is located at 11900 N Bayshore Dr #1-8 North Miami, FL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 8 units: six 2‑bedroom residences and two 1‑bedroom residences; 5.75% cap rate in place; New 86" dock and seawall with a boat pedestal for boats up to 96'
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