About This Home
This 7-bedroom, 0-bathroom multi-family at 8701 NE 8th Ct in Miami, FL is listed for $1,175,000 ($441 per sqft). Built in 1940, the home offers 2,664 sqft of living space on a N/A lot.
Key Features
- Built in 1940
- 10 parking spaces
Property Details
Amenities
Prime Corner-Lot Opportunity in Shore Crest! This rare 11,994 SF parcel is zoned for up to four units, just minutes from Biscayne Bay. Three tenant-occupied residences across separate structures: two 3-bedroom/1-bath units and one 1-bedroom/1-bath - currently generate $72,000 in annual income, giving investors immediate cash flow while they plan their next move: renovate the existing units for higher rents or clear the lot and build new.
Shore Crest sits minutes from Miami's beaches, waterfront parks, marinas, and the restaurants and nightlife along Biscayne Boulevard, with Downtown Miami and the Design District just a short drive away. For a developer or investor, this is a rare combination: immediate income to offset holding costs, a corner lot with real flexibility for up to four units, and a location positioned for long-term appreciation. Buyer to verify zoning, permitted use, and development potential.
Monthly Cost Estimate
$6,284/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
8701 NE 8th Ct
Miami, FL 33138
BISCAYNE HEIGHTS
Property Details
Flooring
Construction
Heating
Cooling
Questions & Answers
This 7-bedroom, 0-bathroom multi-family at 8701 NE 8th Ct is listed at $1,175,000 ($441/sqft). The estimated monthly payment is $6,284 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1940, 10 parking spaces.
This property is listed by Li Bensimon and can be reached at 9543090604.
