$2,375,000
Miami, FL 33138
MLS# B26018137
4600 sqft
1 / 14
Property Description
Unique investment opportunity to acquire a fully renovated, turnkey 8-unit apartment building situated on a generous 12,516 SF lot just half a block from Biscayne Bay in Miami's highly desirable Shorecrest neighborhood. Recently renovated in 2023, the property features a beautifully landscaped courtyard, on-site laundry facilities, and 9 dedicated parking spaces—an exceptional amenity for the area. The unit mix and upgrades position the asset for immediate income generation with strong rental upside. The property is zoned T-5-R, offering significant long-term redevelopment potential. Investors have the option to reimagine the site into a boutique 5-story hotel, condominium, or expanded multifamily project, potentially capturing bay views and maximizing density. Alternatively, this is an
Details
Contract Information
Comp Sale YN: No
Seller Represented YN: Yes
Listing Date: 2026-04-20
Status: Active
Original List Price: 2375000
List Price: $2,375,000
Current Price: $2,375,000
Listing Service: Full Service
Location and Legal
County Or Parish: Miami-Dade
Municipality Type: Unincorporated
Municipal Code: 01
Geographic Area: DADE
Subdivision Number: 11
Multiple Offers Accepted: Yes
Special Assessment YN: No
Flood Zone: AE
Country: United States
Street Number: 1125
Street Direction Prefix: NE
Street Name: 80th
Street Suffix: Street
State Or Province: FL
Postal Code: 33138
Postal Code +4: 4222
Subdivision Name: CAUSEWAY BAYFRONTS
Area: 2320
Middle Or Junior School: Horace Mann
High School: Miami Edison
Parcel Number: 0132080110170
Zoning: 4600
General Property Information
Number Of Units Total: 4
Adjusted Area Main: 4600
Living Area Main: 4600
Living Area Source: Appraiser
Accessibility Features YN: No
Gated Community YN: No
Parking Total: 9
Lot Size Area: 12516
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 1
Pool Private YN: No
Property Sub Type: Quadruplex
Building Area Main: 4600
Building Area Source: Appraiser
Year Built: 1956
Lot Size Acres: 0.29
Financial Information
Application Required YN: No
Master Association YN: No
Estimated Monthly Assoc Recurring Fee: 0
Tax Annual Amount: 26655
Tax Year: 2025
Tax Legal Description: CAUSEWAY BAYFRONTS PB 44-60 LOTS 3 & 4 BLK 3 LOT SIZE 12516 SQ FT OR 10543-1018 1079 1 COC 21547-2816 07 2003 1
Office/Member Information
DXORIGMLSID: RML
Electric
200+ Amp Service: 1
Exterior Features
Courtyard: 1
Garden: 1
Flooring
Vinyl: 1
Property Condition
Resale: 1
Updated/Remodeled: 1
Special Information
Property Survey Available: 1
Special Listing Conditions
Standard: 1
Co-Ownership
Property Management YN: No
Documents Available
Appraisal: 1
Copy Of Lease(s): 1
Existing Survey: 1
Financial Statement: 1
Investment Analysis: 1
Other Available Information: 1
Rent Rolls: 1
Fencing
Fenced: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Gas Meters YN: No
Separate Water Meters YN: No
Number Of Separate Electric Meters: 8
Tenant Pays
Electricity: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Electricity Available: 1
Water Connected: 1
View
Other: 1
Heating
Window/Wall: 1
Window Features
Blinds: 1
Construction Materials
Block: 1
Green Indoor Air Quality
Integrated Pest Management: 1
Laundry Features
In Unit: 1
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Oversized Lot: 1
Other Equipment
Varies by Unit: 1
Road Frontage Type
City Street: 1
Road Responsibility
Public Maintained Road: 1
Roof
Tile: 1
Water Source
Public: 1
Income and Expenses
Annual Total Expense: 75390
Gross Income: 180871
Net Operating Income: 105426
Operating Expense: 75390
Source Of Expenses
Owner Provided: 1
Cooling
Wall/Window Unit(s): 1
Showing Requirements
24 Hour Notice: 1
Call Listing Agent: 1
See Remarks: 1
Main Living Area
Entry Level: 1
Pets Allowed YN
Yes: 1
Pets Allowed
Cats OK: 1
Dogs OK: 1
Pet Details
Pet Fee YN: No
Restrictions
Parking - No Boat: 1
Parking - No RV: 1
Storm Protection
Impact Glass: Complete
Other Protection: Complete
Tax Information
City/County: 1
Showing Considerations
See Remarks: 1
Showing Details
Pet(s) on Premises: Yes
Showing Contact Phone: 305-319-0879
Showing Instructions: Send Showing Request and Call Steven Grossman 305-319-0879
Outdoor Living Spaces
Courtyard: 1
Courtyard Details
Courtyard - Open: 1
Unit 1 Appliances
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Other: 1
Unit 1 Details
Actual Rent: 14507
Baths Full: 8
Beds Total: 8
Efficiency YN: Yes
Furnished: Negotiable
Hotel Room YN: No
SqFt: 4600
Unit 1 Interior Features
Built-in Shelves: 1
Unit 1 Lease Description
Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2026-06-01
Occupant Type: Tenant
Unit 1 Other Equipment
Air Conditioning Unit: 1
Smoke Detector(s): 1
Unit 1 Parking Details
Carport YN: Yes
Attached Carport YN: No
Garage YN: No
Unit 1 Parking Features
Parking Space: 1
Unit 1 Rooms
Den: 1
Foyer: 1
Kitchen: 1
Unit 2 Appliances
Dryer: 1
Microwave: 1
Range: 1
Washer: 1
Unit 2 Details
Actual Rent: 0
Efficiency YN: Yes
Furnished: Furnished
Hotel Room YN: No
SqFt: 0
Unit 2 Lease Description
Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2026-06-01
Occupant Type: Tenant
Unit 2 Other Equipment
Air Conditioning Unit: 1
Smoke Detector(s): 1
Other Equipment: 1
Unit 2 Parking Details
Carport YN: Yes
Attached Carport YN: No
Garage YN: No
Unit 2 Parking Features
Parking Space: 1
Unit 2 Rooms
Den: 1
Kitchen: 1
Price Calculations
Current Price To SqFt: 516.3
Acreage Description
1/4 To Less Than 1/2 Acre Lot: 1
Less Than 1 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-04-21T02:04:58Z
Major Change Type: New Listing
Status Change Date: 2026-04-20
Originating Details
Originating System Key: 20260421004539195165000000
Originating System ID: M00000170
Property Features
Documents Available: Appraisal; Copy Of Lease(s); Existing Survey; Financial Statement; Investment Analysis; Other Available Information; Rent Rolls
Electric: 200+ Amp Service
Exterior Features: Courtyard; Garden
Fencing: Fenced
Flooring: Vinyl
Property Condition: Resale; Updated/Remodeled
Special Listing Conditions: Standard
Tenant Pays: Electricity
Source Of Expenses: Owner Provided
Construction Materials: Block
Cooling: Wall/Window Unit(s)
Green Indoor Air Quality: Integrated Pest Management
Heating: Window/Wall
Laundry Features: In Unit
Levels: One
Listing Terms: Cash; Conventional
Lot Features: Oversized Lot
Main Living Area: Entry Level
Other Equipment: Varies by Unit
Pets Allowed YN: Yes
Pets Allowed: Cats OK; Dogs OK
Possession: Close Of Escrow
Restrictions: Parking - No Boat; Parking - No RV
Road Frontage Type: City Street
Road Responsibility: Public Maintained Road
Roof: Tile
Sewer: Public Sewer
Special Information: Property Survey Available
Tax Information: City/County
Utilities: Cable Available; Electricity Available; Water Connected
View: Other
Water Source: Public
Window Features: Blinds
Showing Requirements: 24 Hour Notice; Call Listing Agent; See Remarks
Showing Considerations: See Remarks
Outdoor Living Spaces: Courtyard
Courtyard Details: Courtyard - Open
Unit 1 Appliances: Dryer; Microwave; Range; Refrigerator; Washer; Other
Unit 1 Interior Features: Built-in Shelves
Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s)
Unit 1 Parking Features: Parking Space
Unit 1 Rooms: Den; Foyer; Kitchen
Unit 2 Appliances: Dryer; Microwave; Range; Washer
Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s); Other Equipment
Unit 2 Parking Features: Parking Space
Unit 2 Rooms: Den; Kitchen
Acreage Description: 1/4 To Less Than 1/2 Acre Lot; Less Than 1 Acre Lot
Supplements
ideal long-term hold in a rapidly appreciating submarket, with increasing rental demand driven by proximity to Biscayne Bay, MiMo District, and ongoing neighborhood revitalization. Also nearby include waterfronts, parks, boutiques, restaurants, and key commuter routes with a short drive to I-95. With full occupancy and strong tenant retention, this property combines dependable cash flow with future growth potential in one of Miami's most dynamic submarkets. Prime location East of Biscayne Boulevard and half a block to Biscayne Bay, places it West of North Bay Village, North Beach & Nearby Surfside, 20 Min Drive to the Beach and positioned North West of Miami Beach/South Beach.
Listing Office: LoKation
Last Updated: April - 21 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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