Miami, FL 33138
Property Type
Multi Family
Central AC
No
Year Built
1956
Listing courtesy of Steven M. Grossman, PA of LoKation.
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 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.
0.29 Acres
Miami
F10530404
Miami
Multi Family
1956
Common Area
Block
Mixed Use
8
1
One
1956
4600
Miami
florida
Fenced, Partial
Assigned
Yes - Wall/Window Unit(s)
Vinyl
Yes - Wall Furnace
Public
Total$12,449.93/Month
*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.
| Address | Size | Sold For |
|---|---|---|
| 11117 Sw 113th Pl 0Miami | 3 BR / 2 BA | $260,000 |
| 3 Grove Isle Dr #C901 #C901Miami | 3 BR / 2.5 BA | $1,525,000 |
| 1581 Brickell Ave #1002 #1002Miami | 2 BR / 2 BA | $780,000 |
| 901 Brickell Key Bl #3606 #3606Miami | 3 BR / 2.5 BA | $1,375,000 |
| 3470 E Coast Av #H1214 #H1214Miami | 2 BR / 2.5 BA | $430,000 |
Closed sales recorded by Brown Harris Stevens agents.

Miami, FL, is known for its vibrant outdoor lifestyle, beautiful beaches and unique dining experiences.
Information is deemed reliable but is not guaranteed and should be independently verified.