Address1125 Ne 80Th St, Miami, FL, 33138-4222
Price$2,900,000
- Commercial Sale
- Built in 1956
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.
Essential Information
- MLS® #A11561004
- Price$2,900,000
- Bathrooms0.00
- Acres0.00
- Year Built1956
- TypeCommercial Sale
- Sub-TypeMulti Family
- StatusActive
Community Information
- Address1125 Ne 80Th St
- Area32
- CityMiami
- CountyMiami-Dade County
- StateFL
- Zip Code33138-4222
Additional Information
- Date ListedApril 8th, 2024
- Days on Website28
Listing Details
Office
Keller Williams Elite Properties
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