For Sale
$990,000

539 82Nd TerMiami, FL 33138

Five-unit building, strong cash flow, prime location

Overview

Added:
Feb 11
Days on market:
53
This well-maintained, 3,964 square foot multifamily property in Miami Shores, Florida, presents a compelling investment opportunity. Built in 1936 with reinforced concrete, the two-story building comprises five units: one studio, one one-bedroom/one-bathroom, and three two-bedroom/one-bathroom apartments. Each unit boasts a fully equipped kitchen, tiled floors, and wall air conditioning units. Situated on a 0.17-acre lot at 539 NE 82nd Terrace, the property features a private backyard and ample parking. Recent improvements include a brand-new roof. The property generates a 7%+ cap rate, with potential to exceed 8%, offering strong cash flow in a high-demand rental market. Its convenient location off US-1 provides easy access to Downtown Miami, Miami International Airport, beaches, shopping, and dining. The asking price is $990,000. This is a rare opportunity to acquire a well-maintained multifamily investment in a desirable Miami location.

Highlights

  • $990,000 asking price.
  • Multifamily apartment building (duplex/triplex/quadruplex).
  • 3,964 square feet.
  • Built in 1936, 2 stories.
  • Five units: one studio, one 1-bed/1-bath, and three 2-bed/1-bath units.

Property Details for 539 82Nd Ter

Property type
Apartment buildings, Small apartment buildings
Square Feet
3,964 SF
Year Built
1936
Stories
2

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.8509543
Longitude
-80.1856348
539 82Nd Ter, Miami, Florida

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539 82Nd Ter
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