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539 NE 82nd Ter

Miami, FL 33138
Closed

Property Description

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

Essential

  • StatusClosed
  • Days On Site330
  • Days To Sale88
  • MLS#A11838739
  • Property TypeCommercial Sale
  • Property Sub TypeIncome/MultiFamily
  • Property Size3,964 sqft
  • Lot Size7575.00 Square Feet
  • Tax Amount$17,862
  • HOANo
  • Data SourceMiami Association of REALTORS®
  • Latest Update06/06/2026