8213 NE 1st Ave, Miami FL 33138

Description of 8213 NE 1st Ave, Miami FL 33138

PRESENTING AN INCOME-PRODUCING COVERED ASSET WITH VALUE-ADD POTENTIAL IN SUPPLY-CONSTRAINED COMMERCIAL 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 main business district and transit hubs such as Biscayne Blvd, NE 79th Street and NE 2nd Avenue. With underlying T5-O commercial zoning, this property offers rare usage 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.

Property Details for 8213 NE 1st Ave, Miami FL 33138

Pool Private

No

Building Information for 8213 NE 1st Ave, Miami FL 33138

Building Area Total

2556

Building Area Units

Square Feet

Association

No

Property Information for 8213 NE 1st Ave, Miami FL 33138

Lot Size Square Feet

6,901

Waterfront

No

View

No

New Construction

No

Public Records for 8213 NE 1st Ave, Miami FL 33138

Parcel Number

01-31-12-012-0170

Tax Legal Description

LITTLE RIVER GARDENS AMD PB 6-51 LOT 2 LESS W10FT FOR ST BLK 13 LOT SIZE 6901 SQUARE FEET OR 21523-0448/22983-0554 0703 1 COC 23832-4922 250

Zoning

6101

County Or Parish

Miami-Dade County

Location