539 NE 82nd Ter, Miami, FL 33138 - Photo 1

1/1

$1,100,000

Sold
Closed
Apartment

1/1

Property Description

East Side Flats at 539 NE 82nd Terrace is a prime multifamily investment in Miami Shores. Built in 1936 with reinforced concrete, this well-maintained property features five units: one studio, one 1-bed/1-bath, and three 2-bed/1-bath units. Spanning 3,568 sq. ft. on a 0.17-acre lot, each unit offers a fully equipped kitchen, tiled floors, and wall A/C units. Residents enjoy a private backyard, ample parking, and a brand-new roof. Generating a 7%+ cap rate with potential to exceed 8%, this property offers strong cash flow. Situated off US-1, it provides easy access to Downtown Miami, airports, beaches, shopping, and dining. A rare investment opportunity in a high-demand rental market!

Full Property Details

Full Property Details for 539 NE 82nd Terrace

General

Sold For: $1,100,000
Taxes: $17,862
Status: Closed
Type: Apartment
Source: Greater_Miami
MLS ID: A11838739
Added to Site: 188 day(s) ago

Business

Business Type: Apartments

Rental Information

Lease/Rent Term: 1 To 3 Year Lease

Location

County: Miami-Dade County

Community

Units Assoc/Comm: 5

Heating & Cooling

Air Conditioning: Yes
Cooling Type: Wall/Window Unit(s)
Heating Type: Wall/Window Units

Utilities

Sewer: Public Sanitation
Water: Public

Structural Information

Detached/Attached: Detached
Building Size: 3964
Year Built: 1936

Unit Information

Units in Complex: 5

Lot Features

Lot Size (Sq. Ft.): 7,575
Potential Use: Investment
Zoning: 4600

Financial Considerations

Tax Amount: $17,862
Terms: All Cash, Conventional/Refinance

Disclosures and Reports

Special Conditions: Sale
Legal Description: WEST SHORE CREST SUB PB 10-67 LOT 13 & W28FT LOT 14 BLK 1 LOT SIZE 7575 SQUARE FEET OR 17393-0057 1096 1
Property ID: 01-32-07-015-0120

Listed by Fausto Commercial Realty Consultants Inc and London Foster Realty
Sold by FGI Realty

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Listing agents

— 539 NE 82nd Terrace —

Fausto Commercial Realty Consultants Inc
London Foster Realty

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Schools

Schools serving 539 NE 82nd Terrace

School District:Dade County School District

Name	Grades	Distance
Phyllis R. Miller Elementary School 840 Northeast 87th Street, Miami, FL 33138	PK-5	0.4 mi
Horace Mann Middle School 8950 Nw 2nd Ave, El Portal, FL 33150	6-8	1.1 mi
Miami Edison Senior High School 6161 Northwest 5th Court, Miami, FL 33127	9-12	1.8 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 539 NE 82nd Terrace

Date

Details

Price

Change

Source

10/09/2025

Sold

$1,100,000

—

MLS

7/13/2025

Listed

$1,100,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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539 NE 82nd Terrace, Miami, FL 33138 - Photo 1

Sold

$1,100,000