Miami Multifamily Investment
8000 NE Bayshore Ct Miami, FL 33138
8000 NE Bayshore Ct, Miami, FL, 33138
$9,400,000
For Sale
$9,400,000
Stabilized 45-unit multifamily property in Miami's Upper East Side.
Property Size19,317 SF
Price / SF$486.62
Days on Market113
Property Features for 8000 NE Bayshore Ct
General Information
- Standard status
- Active
- Size
- 19,317 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1956
Listing agency
(954) 312-1677
Listed by
Dan Dratch · License #FL #SL3341163
Source
Franklinst
Added: Apr 1 Updated: Jul 10 at 1:15PM Checked: Jul 10 at 1:15PM
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 Dan Dratch
Investment Insights
Based on property information with market context.
This 19,317-square-foot building presents an opportunity to acquire a fully stabilized, income-producing multifamily asset. Constructed in 1956, this two-story property features 45 units. The property has been meticulously maintained and has passed all necessary recertification inspections. A majority of the units have been renovated and modernized over the past couple of years and feature new laminate flooring, stainless steel appliances, granite countertops, premium cabinetry, and fresh paint. Community amenities include ample courtyard and outdoor space for tenants, a full-size pool, and a security gate. The property is located east of Biscayne Blvd (US-1) and Bayshore Dr, providing tenants with close proximity to the water, restaurants, retailers, schools, and public transit. Situated just east of I-95 and just north of NE 79th St, the location provides easy access to anywhere in Miami-Dade County. There is an opportunity to increase rents. The property embodies the appeal of a classic low-rise garden-style community.
Key Highlights
- Stabilized, income‑producing multifamily asset in Miami's Upper East Side.
- Opportunity to increase rents by 15.43% with minimal capital expenditures.
- Majority of units renovated with new laminate flooring, stainless steel appliances, granite countertops, premium cabinetry, and fresh paint.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $695.4k | $36.00 |
| − Vacancy | −$46.6k | −$2.41 |
| EGI | $648.8k | $33.59 |
| − OpEx | −$292.0k | −$15.11 |
| NOI | $356.9k | $18.47 |
19,317 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$5.10M
$4.46M – $5.95M
NOI $356,851 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.04M
$11.41M – $15.21M
NOI $912,737 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Scotty Mesz Luxury ...
Travel Agency
The Boutique Apartments
Apartment Building
Scotty Mesz Rentals
Real Estate Agency
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FAQs
What type of property is this?
Apartment building - Stabilized 45-unit multifamily property in Miami's Upper East Side.
Where is this apartment building located?
The property is located at 8000 NE Bayshore Ct Miami, FL.
What is the asking price?
The asking price for this property is $9,400,000.
What are key features of this property?
This property features: Stabilized, income‑producing multifamily asset in Miami's Upper East Side.; Opportunity to increase rents by 15.43% with minimal capital expenditures.; Majority of units renovated with new laminate flooring, stainless steel appliances, granite countertops, premium cabinetry, and fresh paint.
