1029 94th St , for Sale & Rent

1029 94th St for Sale & Rent

Price $6,250,000.00

• Lot size 11250
• Year Build 1951
• Waterfront
• Zip 33154
• Style
• Parking Description Common
• Pool Yes
• Status Active

Description

Harbor Lofts, located at 1029 94th Street, is a 12-unit multifamily investment opportunity ideally situated in Bay Harbor Islands, one of Miami-Dade County’s most supply-constrained submarkets. Constructed in 1951 and substantially renovated, inside and out in recent years, the property is situated on an 11,250 SF (0.26-acre) lot and comprises 8,230 SF of net rentable living space across two stories. The unit mix consists of eleven (11) one-bedroom/one-bathroom units averaging approximately 680 SF, currently achieving average in-place rents of $2,091 per month, and one (1) two-bedroom/one-bathroom unit averaging approximately 750 SF, currently achieving $2,300 per month. Monthly rent at the property is inclusive of water and trash, with tenants responsible for their own gas and electricity. The property is zoned RM-2 under the Town of Bay Harbor Islands zoning code, which permits multifamily density of up to 34 dwelling units per acre as of right and up to 60 units per acre with bonuses. The existing rent roll positions the asset for a durable cash-flowing hold, while preserving long-term optionality for an investor to pursue increased density through the appropriate entitlement processes.

BAY HARBOR ISLAND PB 46-5 LOT 16 BLK 13 LOT SIZE 75.000 X 150 OR 15329-7539 1291 1

Location In A Flood Zone

Harbor Lofts, located at 1029 94th Street, is a 12-unit multifamily investment opportunity ideally situated in Bay Harbor Islands, one of Miami-Dade County’s most supply-constrained submarkets. Constructed in 1951 and substantially renovated, inside and out in recent years, the property is situated on an 11,250 SF (0.26-acre) lot and comprises 8,230 SF of net rentable living space across two stories. The unit mix consists of eleven (11) one-bedroom/one-bathroom units averaging approximately 680 SF, currently achieving average in-place rents of $2,091 per month, and one (1) two-bedroom/one-bathroom unit averaging approximately 750 SF, currently achieving $2,300 per month. Monthly rent at the property is inclusive of water and trash, with tenants responsible for their own gas and electricity. The property is zoned RM-2 under the Town of Bay Harbor Islands zoning code, which permits multifamily density of up to 34 dwelling units per acre as of right and up to 60 units per acre with bonuses. The existing rent roll positions the asset for a durable cash-flowing hold, while preserving long-term optionality for an investor to pursue increased density through the appropriate entitlement processes.

City:Bay Harbor Islands,Zoning:4500,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:25.8851161,Cooling Y N:1,Heating Y N:1,Lease Term:1 To 3 Year Lease,List Price:6250000,Listing Id:A12065320,Longitude:-80.1296326,Mls Status:Active,Year Built:1951,Inclusions:Building & Land,Postal Code:33154,Street Name:94th St,Tenant Pays:1:Electricity,Coordinates:1:25.8851161,Photos Count:45,Building Name:Harbor Lofts,Business Type:1:Commercial/Residential Income,Days On Market:14,Lot Size Units:Square Feet,M I A M I R E_ Area:22,On Market Date:2026-07-21,Parcel Number:13-22-27-001-2630,Property Type:Commercial Sale,Stories Total:2,Street Number:1029,Public Remarks:Harbor Lofts, located at 1029 94th Street, is a 12-unit multifamily investment opportunity ideally situated in Bay Harbor Islands, one of Miami-Dade County’s most supply-constrained submarkets. Constructed in 1951 and substantially renovated, inside and out in recent years, the property is situated on an 11,250 SF (0.26-acre) lot and comprises 8,230 SF of net rentable living space across two stories. The unit mix consists of eleven (11) one-bedroom/one-bathroom units averaging approximately 680 SF, currently achieving average in-place rents of $2,091 per month, and one (1) two-bedroom/one-bathroom unit averaging approximately 750 SF, currently achieving $2,300 per month. Monthly rent at the property is inclusive of water and trash, with tenants responsible for their own gas and electricity. The property is zoned RM-2 under the Town of Bay Harbor Islands zoning code, which permits multifamily density of up to 34 dwelling units per acre as of right and up to 60 units per acre with bonuses. The existing rent roll positions the asset for a durable cash-flowing hold, while preserving long-term optionality for an investor to pursue increased density through the appropriate entitlement processes.,County Or Parish:Miami-Dade County,Expiration Date:2027-01-21,List Office Name:MSP Group, LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2380,Property Sub Type:Income/MultiFamily,State Or Province:FL,Unparsed Address:1029 94th St, Bay Harbor Islands FL 33154,Listing Agreement:Exclusive Right To Sell,Building Area Total:8230,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:11250,M I A M I R E_ Flood Zone:AE,M I A M I R E_ For Sale Y N:1,M I A M I R E_ Num Floors:2,Number Of Buildings:1,Original List Price:6250000,Public Survey Range:22,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks:Harbor Lofts, located at 1029 94th Street, is a 12-unit multifamily investment opportunity ideally situated in Bay Harbor Islands, one of Miami-Dade County’s most supply-constrained submarkets. Constructed in 1951 and substantially renovated, inside and out in recent years, the property is situated on an 11,250 SF (0.26-acre) lot and comprises 8,230 SF of net rentable living space across two stories. The unit mix consists of eleven (11) one-bedroom/one-bathroom units averaging approximately 680 SF, currently achieving average in-place rents of $2,091 per month, and one (1) two-bedroom/one-bathroom unit averaging approximately 750 SF, currently achieving $2,300 per month. Monthly rent at the property is inclusive of water and trash, with tenants responsible for their own gas and electricity. The property is zoned RM-2 under the Town of Bay Harbor Islands zoning code, which permits multifamily density of up to 34 dwelling units per acre as of right and up to 60 units per acre with bonuses. The existing rent roll positions the asset for a durable cash-flowing hold, while preserving long-term optionality for an investor to pursue increased density through the appropriate entitlement processes.,Listing Contract Date:2026-07-21,Originating System I D:miamire,Public Survey Section:27,Street Number Numeric:1029,Tax Legal Description:BAY HARBOR ISLAND PB 46-5 LOT 16 BLK 13 LOT SIZE 75.000 X 150 OR 15329-7539 1291 1,M I A M I R E_ Current Price:6250000,Public Survey Township:22,M I A M I R E_ Municipal Code:13,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Internet Remarks:Harbor Lofts, located at 1029 94th Street, a 12-unit multifamily investment opportunity in Bay Harbor Islands.,M I A M I R E_ Parcel Number M L X:2630,M I A M I R E_ Street View Param:1$25.885084$-80.129558$339.09$13.33$1.00$Z_ZSEDv_I_fAUqP5EEE95Q,Contract Status Change Date:2026-07-21,Internet Address Display Y N:1,Number Of Units In Community:12,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:1,M I A M I R E_ Building Name Number:Harbor Lofts,M I A M I R E_ Agent Alternate Phone:786-208-2684,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:1029 94th St,M I A M I R E_ Common Area Maint Includes:1:Water,