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Waterfront Value-Add Multifamily 8025 Crespi Blvd 6 Unit Apartment Building $1,995,000 ($332,500/Unit) Miami Beach, FL 33141
Investment Highlights
- Fleeting opportunity in extremely supply-constrained asset category with direct frontage along the navigable Tatum Waterway
- Delivered fully vacant allowing new ownership to complete renovations and compliance work quickly and efficiently
- Walkable to the beach and North Beach Town Center – offering tenants immediate access to dining, retail, parks, and schools
- Established renovation and compliance requirements provide a predictable execution-ready roadmap toward stabilizing rents
- Underlying RM-1 zoning supports additional density & buildable area, preserving long-term flexibility to reposition in place of aging product
Executive Summary
THE ALPHA COMMERCIAL ADVISORS® PROUDLY PRESENTS A RARELY AVAILABLE WATERFRONT VALUE-ADD OPPORTUNITY WITHIN OVERLOOKED MIAMI BEACH SUBMARKET.
Delivered vacant and mid-improvement, this 6-unit multifamily asset is located within the historically undervalued North Beach submarket — a supply-constrained coastal pocket quietly outperforming legacy market perception. Supported by spacious units averaging approximately 780 Sq. Ft. and navigable Tatum Waterway frontage, the asset offers a clear path to unlock upside via completing improvements such as unit reconfiguration toward a 2-BR floorplan, private dockage potential, and pre-chartered capital execution program — all while controlling an irreplaceable waterfront position.
Ready for execution, the asset’s transitional value-add profile drastically shortens the cash-flow horizon with defined scope of work primarily centered around building
recertification, compliance resolution, and targeted interior modernization, making this opportunity best suited for experienced or vertically integrated investors comfortable navigating complexity in exchange for basis advantage and long-term waterfront positioning.
Delivered vacant and mid-improvement, this 6-unit multifamily asset is located within the historically undervalued North Beach submarket — a supply-constrained coastal pocket quietly outperforming legacy market perception. Supported by spacious units averaging approximately 780 Sq. Ft. and navigable Tatum Waterway frontage, the asset offers a clear path to unlock upside via completing improvements such as unit reconfiguration toward a 2-BR floorplan, private dockage potential, and pre-chartered capital execution program — all while controlling an irreplaceable waterfront position.
Ready for execution, the asset’s transitional value-add profile drastically shortens the cash-flow horizon with defined scope of work primarily centered around building
recertification, compliance resolution, and targeted interior modernization, making this opportunity best suited for experienced or vertically integrated investors comfortable navigating complexity in exchange for basis advantage and long-term waterfront positioning.
Property Facts
| Price | $1,995,000 | Building Class | C |
| Price Per Unit | $332,500 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 5,750 SF |
| No. Units | 6 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1950 |
| Apartment Style | Low-Rise | Parking Ratio | 0.7/1,000 SF |
| Zoning | RM-1 - Max Height: 4 stories, Max Density: 7 units, Max Buildable Area: 7,187 BASF | ||
| Price | $1,995,000 |
| Price Per Unit | $332,500 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,750 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 0.7/1,000 SF |
| Zoning | RM-1 - Max Height: 4 stories, Max Density: 7 units, Max Buildable Area: 7,187 BASF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 697 |
Property Taxes
| Parcel Number | 02-3202-008-2250 | Improvements Assessment | $522,522 |
| Land Assessment | $747,500 | Total Assessment | $1,270,022 |
Property Taxes
Parcel Number
02-3202-008-2250
Land Assessment
$747,500
Improvements Assessment
$522,522
Total Assessment
$1,270,022
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Waterfront Value-Add Multifamily | 8025 Crespi Blvd
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