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Swell Apartments 648 NE 80th St 12 Unit Apartment Building $2,995,000 ($249,583/Unit) Miami, FL 33138
Investment Highlights
- Income-producing property offering reliable cash flow with light value-add upside through continued operational optimization.
- Updated units, impact windows and doors, roof in good condition, and newer mini-split A/C systems reduce near-term capital needs.
- Secure, gated asset providing enhanced privacy and safety for tenants, complemented by private on-site parking.
- Situated adjacent the Biscayne Boulevard and NE 79th Street intersection with walkable access to retail, dining, and public transportation.
Executive Summary
THE ALPHA COMMERCIAL ADVISORS® PROUDLY PRESENTS AN ATTRACTIVE 12-UNIT MULTI-FAMILY ASSET IN PREMIUM LITTLE RIVER LOCATION BUILT FOR PERFORMANCE.
Offering a well-balanced mix of unit layouts and reliable in-place income, the property delivers dependable performance with additional upside through continued
value-add execution. Benefitting from years of thoughtful maintenance, the secure, gated premises displays meaningful capital improvements including impact
windows and doors, newer mini-split air conditioning systems, incrementally updated interiors, private on-site parking, and a polished overall curb appeal — reducing
near-term capital expenditure needs and strengthening both short and long-term tenant appeal.
The property is ideally located – sharing a block with the Biscayne Boulevard and NE 79th Street intersection with unmatched connectivity to retail, dining, public
transportation and neighborhood amenities while maintaining the residential feel of Eastern-abutting Shorecrest. With continued development momentum throughout
Little River, this is a fleeting opportunity to acquire a core-plus asset with long-term stability and measurable upside in a market that rarely turns over similar assets.
Offering a well-balanced mix of unit layouts and reliable in-place income, the property delivers dependable performance with additional upside through continued
value-add execution. Benefitting from years of thoughtful maintenance, the secure, gated premises displays meaningful capital improvements including impact
windows and doors, newer mini-split air conditioning systems, incrementally updated interiors, private on-site parking, and a polished overall curb appeal — reducing
near-term capital expenditure needs and strengthening both short and long-term tenant appeal.
The property is ideally located – sharing a block with the Biscayne Boulevard and NE 79th Street intersection with unmatched connectivity to retail, dining, public
transportation and neighborhood amenities while maintaining the residential feel of Eastern-abutting Shorecrest. With continued development momentum throughout
Little River, this is a fleeting opportunity to acquire a core-plus asset with long-term stability and measurable upside in a market that rarely turns over similar assets.
Property Facts
| Price | $2,995,000 | Building Class | C |
| Price Per Unit | $249,583 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 5,677 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1938 |
| Property Subtype | Apartment | Parking Ratio | 1.76/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | T5-R - Multifamily, Max Density: 15 units (65 du/acre), Max Height: 5 stories | ||
| Price | $2,995,000 |
| Price Per Unit | $249,583 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 5,677 SF |
| No. Stories | 2 |
| Year Built | 1938 |
| Parking Ratio | 1.76/1,000 SF |
| Zoning | T5-R - Multifamily, Max Density: 15 units (65 du/acre), Max Height: 5 stories |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 300 - 395 |
| 1+1 | 4 | - | 700 |
Walk Score®
Walker's Paradise (94)
Property Taxes
| Parcel Number | 01-3207-016-3360 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,232,024 |
Property Taxes
Parcel Number
01-3207-016-3360
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,232,024
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Swell Apartments | 648 NE 80th St
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