Fausto Commercial is pleased to present 1140 & 1150 NE 81st Street, Miami FL 33138. The property consists of 8 one bedroom / one bathroom units totaling 3,964 rentable sq. ft. The property is 1950s vintage CBS construction and is situated in on a 12,430 sq. ft. lot. This beautiful Miami Shores property is been offered at $1,700,000 representing a 6% market cap rate and an approximate 11% Cap Rate as a short term rental (Zoning allows short term by right). This property is centrally located and surrounded by MiMo District and Wynwood to the southwest and Edgewater and Design District to the south. Surfside beach is a 5 minute drive from the property.