8321 Crespi Blvd Miami, FL 33141
This exceptional eight-unit apartment building presents a compelling investment opportunity in the desirable Biscayne Point area of Miami Beach, Florida. The property, located at 8321 Crespi Blvd, boasts a prime location near North Beach, Bal Harbour, and downtown Miami Beach, offering convenient access to Collins Avenue, Broad Causeway, US-1, and I-95. Built in 1951 and situated on two stories, this multifamily property comprises eight one-bedroom, one-bathroom units, each approximately 700 square feet. The building recently underwent a 40-year certification, ensuring peace of mind for the new owner. Residents enjoy stunning views of the Tatum Waterway, immersing them in the vibrant Miami lifestyle. The asking price for this lucrative investment is $2,450,000. This property represents a rare chance to acquire a well-maintained, centrally located multifamily asset in one of Miami Beach's most sought-after neighborhoods. The strong rental demand in the area, combined with the recent building certification, makes this an attractive proposition for investors seeking a stable and potentially high-yielding investment. Don't miss this opportunity to own a piece of Miami Beach real estate.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.