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Value-Add 12-Unit Multifamily Asset 648 NE 80th St 12 Unit Apartment Building $3,888,655 CAD ($324,055 CAD/Unit) Miami, FL 33138
Investment Highlights
- Value-add potential with optionality to operate as traditional or short-term rental model
- Updated units, impact windows and doors, roof in good condition, and newer mini-split A/C systems reduce near-term capital needs.
- On-site parking lot and gated property with unique curb appeal
- Situated adjacent the Biscayne Boulevard and NE 79th Street intersection with walkable access to retail, dining, and public transportation.
Executive Summary
THE ALPHA COMMERCIAL ADVISORS® PROUDLY PRESENTS AN ATTRACTIVE 12-UNIT MULTI-FAMILY ASSET IN PREMIUM LITTLE RIVER LOCATION BUILT FOR PERFORMANCE.
Offering a well-balanced mix of unit layouts and reliable in-place income, the property delivers dependable performance with additional upside through continued
value-add execution. Benefitting from years of thoughtful maintenance, the secure, gated premises displays meaningful capital improvements including impact
windows and doors, newer mini-split air conditioning systems, incrementally updated interiors, private on-site parking, and a polished overall curb appeal — reducing
near-term capital expenditure needs and strengthening both short and long-term tenant appeal.
The property is ideally located – sharing a block with the Biscayne Boulevard and NE 79th Street intersection with unmatched connectivity to retail, dining, public
transportation and neighborhood amenities while maintaining the residential feel of Eastern-abutting Shorecrest. With continued development momentum throughout
Little River, this is a fleeting opportunity to acquire a core-plus asset with long-term stability and measurable upside in a market that rarely turns over similar assets.
Offering a well-balanced mix of unit layouts and reliable in-place income, the property delivers dependable performance with additional upside through continued
value-add execution. Benefitting from years of thoughtful maintenance, the secure, gated premises displays meaningful capital improvements including impact
windows and doors, newer mini-split air conditioning systems, incrementally updated interiors, private on-site parking, and a polished overall curb appeal — reducing
near-term capital expenditure needs and strengthening both short and long-term tenant appeal.
The property is ideally located – sharing a block with the Biscayne Boulevard and NE 79th Street intersection with unmatched connectivity to retail, dining, public
transportation and neighborhood amenities while maintaining the residential feel of Eastern-abutting Shorecrest. With continued development momentum throughout
Little River, this is a fleeting opportunity to acquire a core-plus asset with long-term stability and measurable upside in a market that rarely turns over similar assets.
Property Facts
| Price | $3,888,655 CAD | Building Class | C |
| Price Per Unit | $324,055 CAD | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 5,677 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1938 |
| Property Subtype | Apartment | Parking Ratio | 2.11/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | T5-R - Multifamily, Max Density: 15 units (65 du/acre), Max Height: 5 stories | ||
| Price | $3,888,655 CAD |
| Price Per Unit | $324,055 CAD |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 5,677 SF |
| No. Stories | 2 |
| Year Built | 1938 |
| Parking Ratio | 2.11/1,000 SF |
| Zoning | T5-R - Multifamily, Max Density: 15 units (65 du/acre), Max Height: 5 stories |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Yard
- Freezer
Site Amenities
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Pet Play Area
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 300 - 395 |
| 1+1 | 4 | - | 700 |
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 01-3207-016-3360 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,701,671 CAD |
Property Taxes
Parcel Number
01-3207-016-3360
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,701,671 CAD
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Value-Add 12-Unit Multifamily Asset | 648 NE 80th St
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