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893 NE 81st St
Miami, FL 33138
The Shorecrest Apartment · Multifamily Property For Sale
·
7 Units
Investment Highlights
- Built 1959 | Renovated 2024 - Blends MiMo/Art Deco character with modern finishes
- In-Unit Washer/Dryer - Featured in every apartment
- Activated Common Lounge/Office - Flexible space for remote work or social gatherings
- Fully Renovated Interiors - Upgraded kitchens, bathrooms, and flooring
- Secure Gated Parking - Dedicated lot for tenants and guests
- Top-of-Market Rents - Strong rental demand in Miami’s Shorecrest neighborhood
Executive Summary
APEX Capital Realty is proud to present The Shorecrest Apartments, a boutique multifamily property located in Miami’s vibrant Shorecrest neighborhood. Originally built in 1959 and fully renovated in 2024, the property embodies the area’s signature MiMo/Art Deco charm while offering modern interiors designed for today’s renter. The unit mix consists of four spacious 2-bed/1-bath units, two 1-bed/1-bath units, and one studio, all featuring upgraded kitchens, bathrooms, and flooring. Each apartment is equipped with in-unit washer/dryer, providing tenants the convenience of modern living. Residents enjoy a private, gated parking lot for secure and easy access, as well as a newly designed common lounge/office area, a flexible space to work from home, relax, or gather with friends and family. These thoughtful upgrades and amenities position the property to command top-of-market rental rates while delivering a strong long-term value proposition for investors.
Property Facts
| Price Per Unit | $275,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 6.39% | Building Size | 13,560 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1959/2024 |
| Apartment Style | Low-Rise | ||
| Zoning | T3-R | ||
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| Cap Rate | 6.39% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 13,560 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1959/2024 |
| Zoning | T3-R |
Amenities
Unit Amenities
- Washer/Dryer
Site Amenities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | - | - |
Property Taxes
| Parcel Number | 01-3207-016-1311 | Improvements Assessment | $290,465 |
| Land Assessment | $1,044,120 | Total Assessment | $1,334,585 |
Property Taxes
Parcel Number
01-3207-016-1311
Land Assessment
$1,044,120
Improvements Assessment
$290,465
Total Assessment
$1,334,585
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