8213 NE 1st Ave, Miami FL 33138

About this property

PRESENTING 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.

Virtual tour

Open the virtual tour (opens the tour provider’s site in a new tab)

Location

North Bay VillageMiamiBay Harbor IslandsDowntown MiamiSurfsideOpen the street map

8213 NE 1st Ave, Miami FL 33138Open in Google Maps

Placed from the listing’s coordinates in the MLS. The street map loads from OpenStreetMap when opened. Coastline © OpenStreetMap contributors.