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Income/MultiFamily - for Sale

1125 NE 80TH ST, MIAMI, FL 33138

Asking Price$2,750,000 Change Price$150,000

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  • Days on market:

    128 day(s)
  • Original Price:

    $2,900,000
  • Tax Legal Description:

    CAUSEWAY BAYFRONTS PB 44-60 LOTS 3 & 4 BLK 3 LOT SIZE 12516 SQ FT OR 10543-1018 1079 1 COC 21547-2816 07 2003 1
  • Tax Year:

    2023
  • Property Type:

    Income/MultiFamily
  • Special Listing Conditions:

    Sale

Description

$2,750,000

Fully updated and well-maintained 8-unit property on large 12,516 sf lot located in east shorecrest - unit breakdown: 2 2/1 units, 4 1/1 units, 2 studios; east of biscayne blvd, half a block to bay & ne 79 st. solid income/ solid return - $220,800 goi, $173,260 noi, 6% cap rate. upside in rents, t-5-r zoning allows building up to 5 stories - invest now for a solid return, land bank for future development. safe, convenient location & tenant-friendly property (9 parking spaces, outdoor spaces for tenants) property is 100% occupied. building completed it's 40 years recertification in 2016. all door and windows impact. seller offering buyer/buyer's agent incentives.

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