1150 8th St Miami Beach, FL 33139
Flamingo NeighborhoodEstimated payment $19,069/month
Highlights
- No HOA
- Concrete Block With Brick
- Vinyl Flooring
- South Pointe Elementary School Rated A-
- Cooling System Mounted To A Wall/Window
- 3-minute walk to Canopy Park
About This Home
Steps away from 500 Alton Project, 3 Acre Park Coming To Alton Road 4 Unit Multi-Family on Alton & 8th Street,
on the same block as the New Baptist Health Center in Miami Beach. AAA Location - IDEAL for Owner
Users, Developer or Investors. Flexible CD-2 Zoning allows for Medical Offices / Retails / Hotels / Short Term
Rentals, and Other Commercial Uses. High Traffic Count Intersection & Close to Major Retailers. FAR 2.0 = Develop 15,000 sqft 5 story building.
Total Monthly income: $15,100, move in 5.3% CAP Rate with potential upside on the rents!
Tenants Pay all expense. the only thing landlord pays is monthly gardening fees, along with taxes and insurance annually!
All Units come furnished with inventory list, they are all the exact same on the interior!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $37,946
Year Built
- Built in 1948
Home Design
- Quadruplex
- Concrete Block With Brick
- Shingle Roof
Interior Spaces
- 5,426 Sq Ft Home
- 2-Story Property
- Vinyl Flooring
Utilities
- Cooling System Mounted To A Wall/Window
- Heating Available
Community Details
- No Home Owners Association
- 4 Units
- Ocean Beach Addn No 3 Condos
- Ocean Beach Addn No 3 Subdivision
Listing and Financial Details
- Assessor Parcel Number 02-42-03-009-8650
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/15/2025 04/15/25 | Price Changed | $2,850,000 | -1.0% | $525 / Sq Ft |
| 04/10/2025 04/10/25 | Price Changed | $2,880,000 | -0.7% | $531 / Sq Ft |
| 04/04/2025 04/04/25 | Price Changed | $2,900,000 | -1.4% | $534 / Sq Ft |
| 03/31/2025 03/31/25 | Price Changed | $2,940,000 | -1.3% | $542 / Sq Ft |
| 03/19/2025 03/19/25 | Price Changed | $2,980,000 | -0.7% | $549 / Sq Ft |
| 03/11/2025 03/11/25 | Price Changed | $3,000,000 | 0.0% | $553 / Sq Ft |
| 03/11/2025 03/11/25 | For Sale | $3,000,000 | -4.8% | $553 / Sq Ft |
| 03/06/2025 03/06/25 | Off Market | $3,150,000 | -- | -- |
| 03/03/2025 03/03/25 | Price Changed | $3,150,000 | -3.1% | $581 / Sq Ft |
| 02/13/2025 02/13/25 | Price Changed | $3,250,000 | -1.5% | $599 / Sq Ft |
| 01/20/2025 01/20/25 | Price Changed | $3,300,000 | -2.9% | $608 / Sq Ft |
| 12/09/2024 12/09/24 | Price Changed | $3,400,000 | -1.4% | $627 / Sq Ft |
| 10/03/2024 10/03/24 | Price Changed | $3,450,000 | -1.4% | $636 / Sq Ft |
| 09/03/2024 09/03/24 | For Sale | $3,500,000 | +35.1% | $645 / Sq Ft |
| 08/31/2023 08/31/23 | Sold | $2,590,000 | 0.0% | $477 / Sq Ft |
| 08/07/2023 08/07/23 | Off Market | $2,590,000 | -- | -- |
| 08/04/2023 08/04/23 | For Sale | $2,850,000 | -- | $525 / Sq Ft |
Source: MIAMI REALTORS® MLS
MLS Number: A11652726
APN: 02-4203-009-8652
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