8262 1St Ave Miami, FL 33138
- Small apartment buildings
- 8,898 SF
Current Use by Public Records
- London's Decor LLC Event Planner & Decorator / Event Planner
Property Details for 8262 1St Ave
- Year built
- 1969
- Property size
- 8,898 SF
- Property type
- Small apartment buildings
Description
This exceptional 12-unit apartment building presents a compelling investment opportunity in Miami's thriving Little River neighborhood. Located at 8262 NE 1st Ave, Miami, FL 33138, this three-story building boasts 8,898 square feet and was constructed in 1969. The property currently features 21 bedrooms and 12 bathrooms, distributed across a mix of unit sizes, offering a variety of living spaces to cater to diverse tenant needs. Currently fully rented, this asset provides immediate and consistent cash flow. Each unit is equipped with central air conditioning, and resident convenience is enhanced by an on-site common laundry area. The building benefits from a recently replaced roof, minimizing future maintenance concerns. Situated in a rapidly developing area, this property is ideally positioned to benefit from the ongoing revitalization of Little River. The neighborhood is experiencing significant growth, with an influx of new developments, trendy restaurants, and boutique shops, promising increased property values and rental demand in the years to come. This makes it an attractive investment for long-term appreciation. The asking price is $2,900,000. Further financial details, including the cap rate, are available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1957447
- Latitude
- 25.850971
