About 8213 Ne 1st Avenue
PRESENTING AN INCOME-PRODUCING COVERED ASSET WITH VALUE-ADD POTENTIAL IN SUPPLY-CONSTRAINEDCOMMERCIAL ZONING POCKET OF LITTLE RIVER.Sporting a well-balanced unit mix of (2) 1-BR/1-Bath and (2) 2-BR/2-Bath units with consistent occupancy at below-market rents, the property delivers dependable performance with tons of upside through aesthetic, structural, and rental value-add execution. The asset benefits from a new roof (replaced in 2023) and solid overall condition as-is, with optionality for strategic capital improvements to address upcoming recertification and cosmetic upgrades geared toward strengthening tenant appeal.Located adjacent to the NE 82nd Street connector-corridor, the property benefits from unmatched accessibility between I-95 and the Little River area’s mainbusiness district and transit hubs such as Biscayne Blvd, NE 79th Street and NE 2nd Avenue. With underlying T5-O commercial zoning, this property offers rareusage flexibility, allowing an investor to maximize long-term gains via re-development or adaptive re-use toward a range of commercial uses including retail, office, education and multi-family.
Features of 8213 Ne 1st Avenue
| MLS® # | A11976135 |
|---|---|
| Price | $1,295,000 |
| Acres | 0.16 |
| Year Built | 1957 |
| Type | Commercial |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 8213 Ne 1st Avenue |
|---|---|
| Area | 2310 |
| City | Miami |
| County | Miami-Dade |
| State | FL |
| Zip Code | 33138 |
| HOPA | No Hopa |
Additional Information
| Zoning | 6101 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | The Alpha Commercial Advisors LLC |
|---|