8216, Crespi Boulevard, Miami Beach, United States
Miami-Dade County, FL 33141
Sold Dec 23, 2025 for $4,413,500
Last asked $5,000,000
- Multi-family
- 16,528 SF building
- 0.40 acre lot
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Highlights
- 16,528 SF building on a 17,343 SF (0.40 acres) lot
- 16 units
Property facts
- Sold on
- Dec 23, 2025
- Sale price
- $4,413,500
- Last asking price
- $5,000,000
- Property type
- Multi-family
- Building size
- 16,528 SF
- Lot size
- 17,343 SF (0.40 acres)
- Units
- 16
About this property
Rare 16-unit multifamily portfolio in North Beach, featuring four adjacent fourplexes on a 17,343 SF lot with 16,528 SF of living space. Each 2BD/1.5BA unit includes in-unit laundry and central A/C, with current rents from $2,200–$2,350/month and gross income of $426,000. Long-term tenants provide stable cash flow, with upside in rent growth. Passed 40-year recertification (2023); new roof permits in process. Estimated NOI of $299,769 at a 6.00% cap rate based on $5M asking. Prime investment in a high-demand Miami Beach location.
From the listing broker.