Estimated payment $7,298/month
Highlights
- Wood Flooring
- No HOA
- Heating System Mounted To A Wall or Window
- Phyllis R. Miller Elementary School Rated 9+
- Cooling System Mounted To A Wall/Window
About This Home
East Side Flats at 539 NE 82nd Terrace is a prime multifamily investment in Miami Shores. Built in 1936 with reinforced concrete, this well-maintained property features five units: one studio, one 1-bed/1-bath, and three 2-bed/1-bath units. Spanning 3,568 sq. ft. on a 0.17-acre lot, each unit offers a fully equipped kitchen, tiled floors, and wall A/C units. Residents enjoy a private backyard, ample parking, and a brand-new roof. Generating a 7%+ cap rate with potential to exceed 8%, this property offers strong cash flow. Situated off US-1, it provides easy access to Downtown Miami, airports, beaches, shopping, and dining. A rare investment opportunity in a high-demand rental market!
Listing Agent
Fausto Commercial Realty Consultants Inc License #3574869 Listed on: 07/13/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,862
Year Built
- Built in 1936
Parking
- 6 Parking Spaces
Home Design
- Quadruplex
- Shingle Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 3,964 Sq Ft Home
- 2-Story Property
- Wood Flooring
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
Community Details
- No Home Owners Association
- West Shore Crest Condos
- West Shore Crest Subdivision
Listing and Financial Details
- Assessor Parcel Number 01-32-07-015-0120
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/13/2025 07/13/25 | For Sale | $1,100,000 | -- | $277 / Sq Ft |
Source: MIAMI REALTORS® MLS
MLS Number: A11838655

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