The Shorecrest Apartment 893 NE 81st St 7 Unit Apartment Building $1,997,000 ($285,286/Unit) 5.85% Cap Rate Miami, FL 33138

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.