Amazing opportunity to own a waterfront duplex plus a studio in non-gated Biscayne Point. CAP Rate 3%. The lot is 5,750 Sqft with the option to buy the fourplex next to it located at 7885 Crespi and combine the two lots for total of 11,500 Sqft. You may renovate and increase the rents; or rebuild to increase the amount of units up to 15-22 combining 7885-7905 Crespi Blvd lots. The property consists of three units of 2 two bedrooms-two bathrooms and a studio in the back. Monthly income of $4,095 with potential to increase to $6,400. All the leases are month to month. This property already passed the 40 year inspection in 2019.
Property Details
Price:
$1,600,000
MLS #:
A11579853
Status:
Active
Beds:
0
Baths:
0
Address:
7905 Crespi Blvd
Type:
Multi Family
Subtype:
Duplex
Subdivision:
BISCAYNE BCH SUB
City:
Miami Beach
Listed Date:
May 1, 2024
State:
FL
Finished Sq Ft:
1,946
ZIP:
33141
Year Built:
1947
Units:
3
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Schools
Interior
Cooling
Ceiling Fan(s), Wall/ Window Unit(s)
Flooring
Tile
Heating
Other
Exterior
Architectural Style
Attached
Construction Materials
C B S Construction
Roof
Barrel Roof, Curved/ S- Tile Roof
Financial
Buyer Agent Compensation
2.5%%
Tax Year
2023
Taxes
$11,046
Map
Community
- Address7905 Crespi Blvd Miami Beach FL
- CityMiami Beach
- CountyMiami-Dade County
- Zip Code33141
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