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Waterside & Boutique Apartments 2 Multifamily Properties Offered at $23,040,099 CAD in Miami, FL
Investment Highlights
- Rare Opportunity To Acquire Two Well-Maintained, Sister Properties Located On The Same Block In The Exceptional Upper East Side Neighborhood Of Miami
- Both Buildings Have Passed 40 & 50 Year Recertifications
- Waterside Building Has New Water Heaters, Central Air Conditioning Throughout With New Duct Work & Freon Copper Lines, And New Elevator
- The Buildings Are Located On Opposite Ends Of The Block And Comprise A Majority Of Its Acreage
- Exterior Improvements To Waterside Include Hurricane-Impact Windows & Doors, New Roof With Insulation, Seamless Gutters, PVC Plumbing Throughout
- Prime Location East Of Biscayne Blvd (US-1) And Bayshore Dr Ensuring Tenants A Quality Lifestyle With Close Proximity To The Water
Executive Summary
Waterside & Boutique Apartments offers a compelling multifamily investment comprised of two buildings situated on the same block and marketed as a single, cohesive property. The offering totals 67 units within a 39,307 square foot low-rise structure, delivering meaningful scale while maintaining a classic garden-style configuration, combining vintage character with a proven multifamily layout that continues to perform well within an urban residential setting.
Over time, the property has benefited from numerous renovations and capital improvements completed across different periods, reflecting ongoing ownership investment and thoughtful stewardship. These upgrades have enhanced both the physical condition and functional appeal of the buildings, positioning the asset to meet modern tenant expectations. This history of reinvestment reduces near-term capital exposure and provides a strong foundation for continued operational stability.
Zoned T5-R, the property offers valuable urban residential zoning that supports long-term strategic optionality. The two-building configuration allows for efficient operations, unit mix diversification, and a boutique residential feel that is increasingly attractive to renters. For a Multifamily / Low-Rise / Garden investor, Waterside & Boutique Apartments represents an opportunity to acquire a well-maintained, scale-efficient asset with a demonstrated capital improvement history and upside potential through continued optimization.
Over time, the property has benefited from numerous renovations and capital improvements completed across different periods, reflecting ongoing ownership investment and thoughtful stewardship. These upgrades have enhanced both the physical condition and functional appeal of the buildings, positioning the asset to meet modern tenant expectations. This history of reinvestment reduces near-term capital exposure and provides a strong foundation for continued operational stability.
Zoned T5-R, the property offers valuable urban residential zoning that supports long-term strategic optionality. The two-building configuration allows for efficient operations, unit mix diversification, and a boutique residential feel that is increasingly attractive to renters. For a Multifamily / Low-Rise / Garden investor, Waterside & Boutique Apartments represents an opportunity to acquire a well-maintained, scale-efficient asset with a demonstrated capital improvement history and upside potential through continued optimization.
Property Facts
| Price | $23,040,099 CAD | Number of Properties | 2 |
| Price / SF | $582.13 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 5% | Total Building Size | 39,579 SF |
| Sale Type | Investment | Total Land Area | 1.19 AC |
| Status | Active |
| Price | $23,040,099 CAD |
| Price / SF | $582.13 CAD / SF |
| Cap Rate | 5% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 39,579 SF |
| Total Land Area | 1.19 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Waterside Apartments
1101 NE 80th St, Miami, FL 33138 |
Multifamily | 20,229 SF | 1970 | - |
|
Boutique Apartments
8000 NE Bayshore Ct, Miami, FL 33138 |
Multifamily | 19,350 SF | 1956 | - |
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