Property
| Ownership: | For Sale |
|---|---|
| Type: | Multi-Family |
| Lot Size: | 0.3 Acres |
Financials
Price:$2,400,000
Annual Taxes:$26,655
Listing Courtesy of LoKation
Significant Price Drop, Priced to Sell !
Description
Significant Price Drop, Priced to Sell! Turnkey Multifamily 8 unit apartment building with 9 Parking Spaces on a 12,516 Sq Ft. Lot half a block to Biscayne Bay. In Miami’s Upper East Side neighborhood of Shorecrest, 1125 NE 80th St is an 8-unit property that has been fully upgraded and individually metered for efficiency. Renovated in 2023, the building features a landscaped courtyard, on-site laundry facility and 9 Parking Spaces. Its T-5-R zoning offers valuable long-term development potential to optionally Re-Develop a Boutique 5 Story Hotel, Condo or Multifamily overlooking Biscayne Bay or Long Term hold with increasing Rents. Also nearby include waterfronts, parks, boutiques, restaurants, and key commuter routes with a short drive to I-95. With full occupancy and strong tenant retention, this property combines dependable cash flow with future growth potential in one of Miami’s most dynamic submarkets. Prime location East of Biscayne Boulevard and half a block to Biscayne Bay, places it West of North Bay Village, North Beach & Nearby Surfside, 20 Min Drive to the Beach and positioned North West of Miami Beach/South Beach.
Amenities
- Cable - Available
- Fenced Area
- Fire Alarm
- Laundry Facilities
- Rear Access
- Smoke Detectors
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
