Contacts
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Marcelo L. Merlo
Global Investment Properties
Property Details
- Property Type Multi-Family
- Property Size 12,000 SF
- Units 6
- Cap Rate % 5
- NOI / YR 118000
- Additional Rent Contact for pricing
- Year Built 1982
- Date Updated Jul 22, 2024
Great Investment close to Biscayne Bay located in desirable Upper East Miami and next to North Bay Village, Shorecrest and Miami Shores. East of Biscayne Blvd, half a block to NE 79 St and steps from the Bay.Well-maintained 6-unit property on large 12,000 SF. Unit breakdown: 6 3/2 units.Solid income $164,400. NOI 118K. 5% Cap Rate. Upside in rents, T-5-R zoning allows building up to 5 stories.Safe, convenient location and tenant-friendly property.
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Getting around
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Location
- City Miami, FL
- Neighborhood Upper East Side
- Zip Code 33138
- Market Miami
Points of Interest
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Adrienne Arsht Center
4.02 miles
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School Board
4.11 miles
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Santa Clara
4.33 miles
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Freedom Tower
4.66 miles
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College North
4.78 miles
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Wilkie D. Ferguson, Jr.
4.84 miles
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Miami Avenue
5.18 miles
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Third Street
5.27 miles
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Tri-Rail Transfer
5.35 miles
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Fifth Street
5.45 miles
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BP
0.67 miles
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Shell
1.00 miles
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Chevron
1.13 miles
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Speedway
1.25 miles
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Exxon
1.43 miles
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BP
1.47 miles
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Biscayne Gas
1.64 miles
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Mobil
1.97 miles
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Valero
2.06 miles
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BP
2.07 miles
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PARADISE PLAZA GARAGE
2.47 miles
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Museum Garage
2.56 miles
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PALM COURT GARAGE
2.62 miles
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CITY VIEW GARAGE
2.69 miles
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Public parking
3.50 miles
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Municipal Garage
3.78 miles
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Brown Lot
3.84 miles
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Green Lot
3.87 miles
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4000 Collins Ave Parking Garage
3.88 miles
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Bal Harbour Shops
4.15 miles
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Mare Azur by Grand Bay
0.17 miles
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The Vagabond Hotel
0.68 miles
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Royal Motel
0.68 miles
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Selina Miami Gold Dust
0.70 miles
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Royal Budget Inn
0.71 miles
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Casa de Katiuska
0.72 miles
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King Motel
0.77 miles
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Treehouse Studio Hotel
0.77 miles
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Saturn Motel - Miami
0.79 miles
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Biscayne Inn
0.88 miles
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Tropical Supermarket
0.85 miles
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Publix
1.10 miles
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Presidente Supermarket
1.35 miles
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El Presidente Supermarket
1.51 miles
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Sabal Palm Shopping Center
1.87 miles
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ALDI
1.96 miles
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Publix
2.00 miles
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Upper Buena Vista
2.03 miles
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Target
2.79 miles
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Marshalls
2.81 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
![broker]( https://cdn.commercialsearch.com/ILSContent/Images/no_broker_photo_sm.png?width=96)
Marcelo L. Merlo
Global Investment Properties