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8000 NE Bayshore Ct
Miami, FL 33138
Boutique Apartments · Multifamily Property For Sale
·
43 Units
Investment Highlights
- Rare Opportunity To Acquire A 2-Story, Stabilized Asset In The Exceptional Upper East Side Neighborhood Of Miami
- Passed All Necessary Recertification Inspections Opportunity To Increase Rents By 15.43% With Minimal Capital Expenditures Needed
- Community Amenities Include Ample Courtyard/Outdoor Space For Tenants, Full-Size Pool, And Security Gate
- Property Has Been Meticulously Maintained By Professional Operator
- Majority Of The Units Have Been Renovated And Modernized Over Past Couple Years And Feature New Laminate Flooring, Stainless Steel Appliances, Granite
- Strong Demographic Data In Neighborhood With Positive Growth Trends
Executive Summary
The Boutique presents a rare opportunity to acquire a fully stabilized, income-producing multifamily asset in the heart of Miami. This 19,317-square-foot building features 45 well-maintained units and embodies the appeal of a classic low-rise garden-style community with enduring tenant demand. Built in 1956, the property blends vintage Miami character with functional design, offering an efficient unit mix that maximizes both occupancy and cash flow potential.
With strong historical occupancy, The Boutique stands as a proven performer within Miami’s highly competitive rental market. The property’s consistent leasing history and strong in-place rents underscore its stability and attractive yield profile for investors seeking reliable returns. Thoughtful upkeep and operational efficiency have preserved its appeal while leaving ample room for strategic upgrades or repositioning to further enhance income performance.
Zoned T5-R, the property also benefits from flexible redevelopment potential, allowing investors to explore value-add or long-term growth opportunities as the Miami multifamily market continues to strengthen. With its established track record, ideal scale, and prime zoning, The Boutique represents an exceptional investment opportunity for those looking to expand their portfolio with a high-performing, well-located Miami asset.
With strong historical occupancy, The Boutique stands as a proven performer within Miami’s highly competitive rental market. The property’s consistent leasing history and strong in-place rents underscore its stability and attractive yield profile for investors seeking reliable returns. Thoughtful upkeep and operational efficiency have preserved its appeal while leaving ample room for strategic upgrades or repositioning to further enhance income performance.
Zoned T5-R, the property also benefits from flexible redevelopment potential, allowing investors to explore value-add or long-term growth opportunities as the Miami multifamily market continues to strengthen. With its established track record, ideal scale, and prime zoning, The Boutique represents an exceptional investment opportunity for those looking to expand their portfolio with a high-performing, well-located Miami asset.
Property Facts
| Price Per Unit | $297,945 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.66 AC |
| Cap Rate | 5% | Building Size | 19,350 SF |
| No. Units | 43 | Average Occupancy | 77% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1956 |
| Apartment Style | Low-Rise | Parking Ratio | 1.16/1,000 SF |
| Zoning | R-3, Miami - high rise residential | ||
| Price Per Unit | $297,945 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 43 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 19,350 SF |
| Average Occupancy | 77% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 1.16/1,000 SF |
| Zoning | R-3, Miami - high rise residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Tile Floors
- Hardwood Floors
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 36 | - | 420 |
| 1+1 | 5 | - | 700 |
| 2+1 | 1 | - | 700 |
| 2+2 | 1 | - | 800 |
Property Taxes
| Parcel Number | 01-3208-011-0190 | Improvements Assessment | $7,032,177 CAD |
| Land Assessment | $3,326,166 CAD | Total Assessment | $10,358,344 CAD |
Property Taxes
Parcel Number
01-3208-011-0190
Land Assessment
$3,326,166 CAD
Improvements Assessment
$7,032,177 CAD
Total Assessment
$10,358,344 CAD
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