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    82Nd Ter Miami, FL 33138

    Sponsored
    For Sale
    $2,900,000

    Ten-unit apartment building, strong cash flow.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10-unit apartment building, located at 52 NE 82nd Terrace in Miami, Florida (zip code 33138), presents a compelling investment opportunity. Currently a two-story Class C multifamily property, it offers significant potential for redevelopment. The building comprises ten units, a mix of one-bedroom/one-bathroom and two-bedroom/one-bathroom apartments, generating substantial cash flow. Situated in Miami's Upper East Side North area, this property benefits from a highly desirable location. The asking price is $2,900,000. The existing structure provides a solid foundation for immediate income generation, while zoning regulations allow for redevelopment up to five stories, unlocking significant future value appreciation. This presents a unique chance to capitalize on both current cash flow and substantial long-term growth potential in a thriving Miami neighborhood. The property's strong location and redevelopment potential make it an attractive investment for both seasoned and emerging real estate investors seeking a high-return opportunity in the dynamic Miami market. Detailed financial information and zoning details are available upon request.

    Property Features for 0 82Nd Ter

    General Information

    Property type
    Multifamily properties
    Class
    C

    Building Details

    Units
    10
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1857838
    Latitude
    25.8508221

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    FAQs

    What type of property is this?
    Multifamily property - Ten-unit apartment building, strong cash flow.
    Where is this multifamily property located?
    The property is located at 82Nd Ter Miami, FL.
    What is the asking price?
    The asking price for this property is $2,900,000.
    Request Owner's contact information
    82Nd Ter Miami, FL 33138
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    82Nd Ter Miami, FL 33138
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