$5,500,000
San Juan Motel for Sale | Prime Little Havana Prime Commercial Real Estate Miami
Miami, Florida
Soft OfferTurnkey 16 Units Multifamily in Prime North Beach | 6% Cap Rate.
8216, Crespi Boulevard,, Miami Beach, Florida 33141
$5,000,000
$303 / sq ft 6% cap rate Listed Jul 22, 2026
16,528 sqft
Building
17,343 sqft
Lot
16
Units
About this property
Turnkey 16 Units Multifamily in Prime North Beach | 6% Cap Rate. is a multifamily for sale in Miami Beach, Florida, listed at $5,000,000. Key details: building size 16,528 sqft, lot size 17,343 sqft, total units 16, property status Normal Sale. Listed by Vicente Rodriguez of Fausto Commercial on LoopingCloud and last updated July 22, 2026.
Property Overview
Secure a rare 16-unit multifamily portfolio situated in one of Miami Beach’s most dynamic coastal neighborhoods. This premier investment offering consists of four adjacent fourplexes sitting on a generous 17,343 square foot lot with a total of 16,528 square feet of living space. Featuring strong in-place cash flow and significant rental upside, this asset is tailor-made for savvy investors seeking scale in North Beach.
Investment Highlights & Financials
-
Asset Type: 16-Unit Multifamily Apartment Portfolio (Four Adjacent Fourplexes)
-
Asking Price: $5,000,000
-
Cap Rate: 6.00%
-
Net Operating Income (NOI): Estimated at $299,769
-
Gross Annual Income: $426,000
-
Current Rent Roll: Rents currently range from $2,200 to $2,350 per month, driven by long-term, stable tenants with clear potential for organic rent growth.
Property Features & Improvements
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Unit Configuration: Spacious 2-bedroom, 1.5-bathroom layouts across every unit.
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Modern Conveniences: Every apartment features desirable in-unit laundry facilities and central air conditioning.
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Structural Compliance & Upgrades: Successfully passed its 40-year building recertification in 2023, with new roof permits currently in process to ensure long-term structural integrity.
Location Advantages
Positioned in the heart of North Beach, this portfolio places tenants minutes away from pristine beaches, local dining, and major upcoming neighborhood developments. Capitalize on a high-demand Miami Beach location experiencing continuous revitalization and soaring tenant demand.
Key highlights
- Residential
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Business Opportunities
| Company | Business type | Contact | Phone | |
|---|---|---|---|---|
| BAY TITLE COMPANY | Title Services | ALANA Supraski | (305) 692-8886 |
Property details
Key facts
- Building Size
- 16,528 sqft
- Lot Size
- 17,343 sqft
- Total Units
- 16
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Net Operating Income
- $299,769
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
6%
Cap rate
$299,769
Net operating income
$303
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $5,000,000 | 6% | - | - | - |
Features and amenities
Property Other Use Types
- Residential
Property Features
- Each Unit 2BD/1.5BA unit includes in-unit laundry and central A/C,
- Structural Compliance & Upgrades: Successfully passed its 40-year building recertification in 2023, with new roof permits currently in process to ensure long-term structural integrity.
Highlights
- Current Rent Roll: Rents currently range from $2,200 to $2,350 per month, driven by long-term, stable tenants with clear potential for organic rent growth.
Location
Address as shown by the lister.
Get directionsAbout this area - Miami Beach
- Population
- 36,545
- Housing units
- 18,521
- Land area
- 2.2 sq mi
- County
- Miami Dade
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Additional contacts
1 person to reach- Christopher CanizaresRealtor Associate (786) 862-8247
Frequently asked questions
What is the asking price of Turnkey 16 Units Multifamily in Prime North Beach | 6% Cap Rate.?
Turnkey 16 Units Multifamily in Prime North Beach | 6% Cap Rate. is listed at $5,000,000. That works out to about $303 per square foot. The stated cap rate is 6%.
Where is Turnkey 16 Units Multifamily in Prime North Beach | 6% Cap Rate. located?
The property is in 8216, Crespi Boulevard,, Miami Beach, Florida 33141, Miami Dade County.
What type of property is this?
This is a multifamily for sale in the commercial category.
How big is the property?
The building is 16,528 sqft. The lot is 17,343 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Vicente Rodriguez of Fausto Commercial listed this property. Use the Request Info button to send a message or call (305) 431-2258.
When was this listing published?
It was published on July 22, 2026 and last updated on July 22, 2026.
Listing information
- Listing ID
- CL-Florida-28060
- Published
- Jul 22, 2026
- Last updated
- Jul 22, 2026
Report a problem with this listing
Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.
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