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5995 Biscayne Blvd
Miami, FL 33137 Upper East Side South

$7,560,000 USD

Apartments For Sale  •  20,965 SF

Property Details

• Property Type Apartments
• Total Building Size 20,965 SF
• Lot Size 0.44 AC
• Building Class C
• Year Built 1974
• Cap Rate 3.14 %
• Zoning T4-0

49 Transit Score

86 Walk Score

Highlights

Current Ownership of Over 42 Years, Rents Significantly Below Market

7-Story Building with Gated Parking

Located East of US-1 in the Morningside Submarket, Directly Across from the Cushman School

Central Air-Conditioning, Impact Windows and Sliders

Average Unit Size of Approximately 874 RSF

Major Capital Improvements Completed

Property Flyers

Morningside Bay _Executive_Summary_AGENTS

Financial Summary (Actual)

Net Operating Income: $237,411 USD (2024)

Cap Rate:	3.14 %
Total Expenses:	$235,671 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Allapattah (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover))	8 min	-	3.9 mi
Earlington Heights (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover))	7 min	-	4.2 mi
Airport	Drive	Walk	Distance
Miami International	23 min	-	11.1 mi
Fort Lauderdale/Hollywood International	29 min	-	20.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	30
Type:	Surface
Included in Rent:	Yes