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!
Property Details
Price:
$990,000
MLS #:
A11741634
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
539 NE 82nd Ter
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
WEST SHORE CREST
Neighborhood:
West Shore Crest
City:
Miami
Listed Date:
Feb 9, 2025
State:
FL
Finished Sq Ft:
3,964
Total Sq Ft:
3,964
ZIP:
33138
Year Built:
1936
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Mortgage Calculator
Schools
Interior
Cooling
Wall/ Window Unit(s)
Flooring
Other, Wood
Heating
Window/ Wall
Exterior
Architectural Style
Detached
Construction Materials
C B S Construction
Parking Spots
6
Roof
Shingle
Financial
Tax Year
2024
Taxes
$17,862
Map
Community
- Address539 NE 82nd Ter Miami FL
- SubdivisionWEST SHORE CREST
- CityMiami
- CountyMiami-Dade County
- Zip Code33138
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