5611125 NE 80th Street, Miami, FL 33138
$2,375,000
Property Type:
Commercial Sale
Square Footage:
4,600
Status:
Active
Current Price:
$2,375,000
List Date:
3/19/2026
Last Modified:
5/05/2026
Description
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.
Supplements: 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.
Open Houses
Friday, May 08, 10:00 am - 11:30 am
More Information MLS# F10530404
Contract Information
Comp Sale YN: No
Seller Represented YN: Yes
Listing Date: 2025-10-09
Status: Active
Original List Price: 1950000
List Price: $2,375,000
Current Price: $2,375,000
Listing Service: Full Service
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami
Municipal Code: 1
Postal Code: 33138
Geographic Area: DADE
Subdivision Number: 11
Multiple Offers Accepted: Yes
Country: United States
Street Number: 1125
Street Direction Prefix: NE
Street Name: 80th
Street Suffix: Street
State Or Province: FL
Area: 2320
Parcel Number: 01-32-08-011-0170
Zoning: 4600
General Property Information
Number Of Buildings: 1
Number Of Units Total: 8
Occupant Type: Tenant
Accessibility Features YN: Yes
Lot Size Area: 12516
Stories Total: 1
Property Sub Type: Multi Family
Building Area Main: 4600
Building Area Source: Appraiser
Year Built: 1956
Parking Total: 9
Lot Size Acres: 0.29
Currently Not Used
Ownership Type: Corporation
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Back on Market Date: 2026-03-18
Major Change Timestamp: 2026-03-27T18:19:23Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-03-27T18:19:23Z
Status Change Date: 2026-03-18
Electric
101-200 Amp Service: 1
Flooring
Vinyl: 1
Parking Features
Assigned: 1
Property Condition
Resale: 1
Special Listing Conditions
Standard: 1
Documents Available
Aerial Photo(s): 1
Appraisal: 1
Existing Survey: 1
Financial Statement: 1
Investment Analysis: 1
Other Available Information: 1
Owner Managed: 1
Photos: 1
Rent Rolls: 1
Site Plans: 1
Fencing
Fenced: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Gas Meters YN: No
Separate Water Meters YN: No
Number Of Meters Total: 8
Number Of Separate Electric Meters: 8
Structure Type
Mixed Use: 1
Location of Property
In Residential Area: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Special Information
Sold As-Is: 1
Utilities
Cable Available: 1
Building and Property Details
# Of Tenants: 8
# Of Toilets: 8
Door Height: 10-12'
Improvement Height: 1 Story
Interior Ceiling Height: 10
Building Features
Fenced Area: 1
Laundry Facilities: 1
Rear Access: 1
Business Type
Commercial: 1
Ceiling
Other: 1
Common Area Maintenance Includes
HVAC Maintenance: 1
Interior Electric: 1
Management Fees: 1
Outside Insurance: 1
Sewer: 1
Water: 1
Heating
Window/Wall: 1
Sale Includes
Land: 1
Special Licenses
Other: 1
Construction Materials
Block: 1
Listing Terms
Cash: 1
Lot Features
Oversized Lot: 1
Room for Pool: 1
Road Frontage Type
City Street: 1
Roof
Tile: 1
Security Features
Fire Alarm: 1
Smoke Detector(s): 1
Water Source
Public: 1
Income and Expenses
Occupancy Percentage: 100
Source Of Expenses
Owner Provided: 1
Description of Unit Type 1
Unit Type: 1 Bedroom
Beds Total: 1
Full Baths: 1
Description of Unit Type 2
Unit Type: 1 Bedroom
Beds Total: 1
Full Baths: 1
Cooling
Wall/Window Unit(s): 1
Description of Unit Type 3
Unit Type: 1 Bedroom
Beds Total: 1
Full Baths: 1
Description of Unit Type 4
Unit Type: 1 Bedroom
Beds Total: 1
Full Baths: 1
Description of Unit Type 5
Unit Type: 2 Bedroom
Beds Total: 2
Full Baths: 1
Description of Unit Type 6
Unit Type: 2 Bedroom
Beds Total: 2
Full Baths: 1
Description of Unit Type 7
Unit Type: Efficiency
Full Baths: 1
Showing Requirements
See Remarks: 1
Restrictions
Limited # Vehicles: 1
Parking - No Boat: 1
Parking - No RV: 1
Showing Details
Pet(s) on Premises: Yes
Showing Contact Phone: 305-319-0879
Showing Instructions: Call Steven Grossman at 305-319-0879
Section Details
Parcel Number MLX: 0170
Acreage Description
1/4 To Less Than 1/2 Acre Lot: 1
Less Than 1 Acre Lot: 1
Financial Information
Tax Annual Amount: 26655
Tax Year: 2024
Tax Legal Description: CAUSEWAY BAYFRONTS PB 44-60 LOTS 3 & 4 BLK 3 LOT SIZE 12516 SQ FT OR 10543-1018 1079 1 COC 21547-2816 07 2003 1
Unit Details
Number Of Units Leased: 8
Originating Details
Originating System Key: 604877323
Originating System ID: M00000170
Property Features
Building Features: Fenced Area; Laundry Facilities; Rear Access
Business Type: Commercial
Ceiling: Other
Common Area Maintenance Includes: HVAC Maintenance; Interior Electric; Management Fees; Outside Insurance; Sewer; Water
Documents Available: Aerial Photo(s); Appraisal; Existing Survey; Financial Statement; Investment Analysis; Other Available Information; Owner Managed; Rent Rolls; Site Plans
Electric: 101-200 Amp Service
Fencing: Fenced
Flooring: Vinyl
Heating: Window/Wall
Location of Property: In Residential Area
Parking Features: Assigned
Possession: Close Of Escrow
Property Condition: Resale
Sale Includes: Land
Special Licenses: Other
Special Listing Conditions: Standard
Source Of Expenses: Owner Provided
Construction Materials: Block
Cooling: Wall/Window Unit(s)
Listing Terms: Cash
Lot Features: Oversized Lot; Room for Pool
Restrictions: Limited # Vehicles; Parking - No Boat; Parking - No RV
Road Frontage Type: City Street
Roof: Tile
Security Features: Fire Alarm; Smoke Detector(s)
Sewer: Public Sewer
Special Information: Sold As-Is
Structure Type: Mixed Use
Utilities: Cable Available
Water Source: Public
Showing Requirements: See Remarks
Acreage Description: 1/4 To Less Than 1/2 Acre Lot; Less Than 1 Acre Lot
Documents
February 2025 Appraisal ›
Listing Office:
LoKation
Last Updated: May - 05 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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