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Mario Chirino I Solis Chirino Group

mario.chirino@elliman.com +1(786) 253-7653

$ 990,000

Est. payment -/mo

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Active Under Contract

539 NE 82nd Ter Miami, FL 33138

3,964 SqFt

UPDATED:

02/18/2025 08:17 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,964 sqft

Price per Sqft $249

Subdivision West Shore Crest

MLS Listing ID A11741634

Style Fourplex

Construction Status Resale

HOA Y/N No

Year Built 1936

Annual Tax Amount $17,862

Tax Year 2024

Contingent Pending Inspections

Property Sub-Type Quadruplex

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!

Location

State FL

County Miami-dade

Community West Shore Crest

Area 32

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Hardwood, Other, Wood

Exterior

Pool None

Utilities Available Cable Available

Roof Type Shingle

Total Parking Spaces 6

Private Pool No

Building

Lot Description < 1/4 Acre

Story 2

Sewer Public Sewer

Architectural Style Fourplex

Level or Stories Two

Structure Type Block

Construction Status Resale

Others

Tax ID 01-32-07-015-0120

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11741634

Listed by Fausto Commercial Realty Consultants Inc

Mario Chirino I Solis Chirino Group

Real Estate Professionals | License ID: 3055493

+1(786) 253-7653

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Mario Chirino I Solis Chirino Group

539 NE 82nd Ter Miami, FL 33138

Key Details

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