Rare Multifamily Property at 11900 North Bayshore Drive
$6,500,000
11900 North Bayshore Drive, North Miami, FL 33181
7,170 SF
Square Feet
$907
PPSF
8
Units
800.0K
PPU
4.10%
CAP
Property Description
Units
8 — PPU: 800.0K
NOI
$266,500
Cap Rate
4.10%
Presenting the Rare And only multifamily property of this size and income potential currently available on the water in San Souci. This fully renovated 8-unit property includes: 6 2-bedroom, 2-bathroom units & 2 1-bedroom, 1-bathroom units Each features in-unit washer/dryers, digital controls, stainless steel appliances, central A/C with new ductwork, high-end finishes throughout. Upgrades also include Large impact windows For direct water views, Hardwired motion-activated security system, Electronic entry access, A private 86' dock Sold W full hookups. Whether you're looking for a cash-flowing asset, staff/maid residences, workforce housing, or redevelopment potential this property offers flexibility and unmatched upside.
Property Details
Asset Type
MultiFamily
Year Built
1958
Zoning
08 / MULTIFAMILY 2-9 UNITS
Lot Size
11,250 SF
Neighborhood
San Souci Estates
Submarket
North Miami
ZIP
33181
Renovated
2024
Listing Type
sale
Net Operating Income (NOI)
$422,802
Debt Service Coverage Ratio (DSCR)
1.14x
Cap Rate
6.50%
Cash Flow (Annual)
$53,042
Cash-on-Cash Return
3.26%
Monthly Debt Service
$30,813
Annual Debt Service
$369,760
View on Map
Address
11900 North Bayshore Drive
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North Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.