Listed by Silmar Realty
$1,585,000
8135 Crespi Blvd
Details
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 3,510
Net Rentable (SqFt) 3,510
Units 5
Occupancy 100%
Price per SqFt $452
Broker Co-Op Yes
Year Built 1950
Buildings 1
Stories 1
Lot Size (SqFt) 5,750
Zoning RM-1
Investment Type Value Add
8135 Crespi Blvd – Waterfront 5-Unit Multifamily | 100% Leased
Marketing description
This exceptional waterfront multifamily property is ideally located in prime Miami Beach, offering residents highly desirable coastal living with direct proximity to the water. The building consists of five (5) 1-bedroom, 1-bathroom units, all of which are fully occupied, providing immediate and stable cash flow.
The property is currently generating $8,300 in monthly rental income, presenting investors with strong in-place revenue and long-term investment stability. Its premier waterfront location offers tenants convenient access to Miami Beach’s renowned beaches, parks, dining, shopping, and entertainment, while still maintaining a quiet and desirable residential atmosphere.
With its irreplaceable waterfront setting, strong occupancy, and location within one of South Florida’s most sought-after rental markets, this property represents an outstanding opportunity for investors seeking a stable, income-producing asset with long-term appreciation potential.
Investment highlights
Irreplaceable waterfront multifamily asset in the Biscayne Beach Subdivision
100% occupied with stable in-place cash flow
Near-term rental upside to pro forma
RM-1 zoning permitting up to 60 dwelling units per gross acre
Attractive density and redevelopment optionality
Efficient, marketable unit mix of 1BD/1BA units and a studio
Prime North Beach location proximate to the beach, retail, and North Beach Town Center
Multiple exit strategies including hold, value-add, or redevelopment
Constrained supply of waterfront multifamily supports long-term value
Listing Contacts
Listed by Silmar Realty
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Zoning
RM-1 ResidentialMulti FamilyResidential Multifamily Low Intensity
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View all 29 uses
View all 29 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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