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Asbury Park

$5,000,000

9050 NE 8th Ave, Miami, FL 33138

Active
Last Updated: 04/05/2025

9,797 sqft

Building Size

16

Units

Details:
Building Size:    9,797 sqft
Units:    16
Year Built:    1957
Floors:    1
Highlights:
  • Lot Features: In Residential Area
  • Building Features: Lawn Sprinkler-Well Water
  • Gross Income: 323000
  • Number Of Buildings: 2
  • Documents Available: Deed, Copy Of Lease(S), Owner Managed, Rent Rolls
  • Cooling: Wall/Window Unit(s)
  • Flooring: Ceramic Floor
  • Construction Materials: Insulated
  • Parking Features: Common
  • Security Features: Smoke Alarm
  • Ownership: Corporation
Description:

Income Producing Property Opportunity. Welcome to Asbury Park, a rare and exceptional investment opportunity in the heart of Miami Shores. This stunning multifamily building boasts 16 spacious units on an expansive 30,000+ sq ft land parcel, offering endless possibilities for redevelopment, renovation, or continued operation as a thriving rental property. The roof was replaced entirely in 2021. The property is only steps away from water access and the well-known US-1. Proximity to shopping, public transportation, house of worship, grocery stores, schools, and much more.

Map:
Location
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