Little River Value-Add Fourplex 8213 NE 1st Ave 4 Unit Apartment Building $1,839,328 CAD ($459,832 CAD/Unit) 4.02% Cap Rate Miami, FL 33138

THE ALPHA COMMERCIAL ADVISORS® PROUDLY PRESENTS AN INCOME-PRODUCING COVERED ASSET WITH VALUE-ADD POTENTIAL IN SUPPLY-CONSTRAINED
COMMERCIAL ZONING POCKET OF LITTLE RIVER.
Sporting a well-balanced unit mix of (2) 1-BR/1-Bath and (2) 2-BR/2-Bath units with consistent occupancy at below-market rents, the property delivers dependable performance with tons of upside through aesthetic, structural, and rental value-add execution. The asset benefits from a new roof (replaced in 2023) and solid overall condition as-is, with optionality for strategic capital improvements to address upcoming recertification and cosmetic upgrades geared toward strengthening tenant appeal.
Located adjacent to the NE 82nd Street connector-corridor, the property benefits from unmatched accessibility between I-95 and the Little River area’s main
business district and transit hubs such as Biscayne Blvd, NE 79th Street and NE 2nd Avenue. With underlying T5-O commercial zoning, this property offers rare
usage flexibility, allowing an investor to maximize long-term gains via re-development or adaptive re-use toward a range of commercial uses including retail, office, education and multi-family.
INVESTMENT HIGHLIGHTS
Fourplex w/ Reliable Occupancy: Income-producing property offering reliable cash-flow from long-standing tenants, on-site parking, and secure gated premises in supply-constrained pocket adjacent major transit corridor.
Strategic Value-Add Potential: Brand new roof (2023) and durable overall condition with opportunity for upgrades to unlock rental premiums—such as installing impact windows and doors, adding mini-split A/C systems, and updating kitchens, bathrooms, and flooring.
Prime Little River Location: Located in one of Miami’s most active and rapidly evolving submarkets. Immediate access to I-95 and major corridors including NE 79th Street and Biscayne Boulevard. Surrounded by strong retail and dining options, including popular food hall—The Citadel.
Flexible Zoning & Future Development Upside: T5-O zoning, Opportunity Zone benefits, and eligibility under the Live Local Act provide exceptional flexibility for future redevelopment and sustained long-term value creation with commercial and mixed-uses as retail, office and more.