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.
Property Details
Price:
$2,750,000
MLS #:
A11560973
Status:
Active
Beds:
0
Baths:
0
Address:
1125 NE 80th St
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
CAUSEWAY BAYFRONTS
Neighborhood:
Causeway Bayfronts
City:
Miami
Listed Date:
Apr 8, 2024
State:
FL
Finished Sq Ft:
4,600
Total Sq Ft:
4,600
ZIP:
33138
Year Built:
1956
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
Wall/ Window Unit(s)
Flooring
Ceramic Floor
Heating
Window/ Wall
Exterior
Architectural Style
Detached
Parking Spots
7
Roof
Barrel Roof
Financial
Tax Year
2023
Taxes
$24,371
Map
Community
- Address1125 NE 80th St Miami FL
- SubdivisionCAUSEWAY BAYFRONTS
- CityMiami
- CountyMiami-Dade County
- Zip Code33138
Similar Listings Nearby
- 6255 NE Pl and 3 more Miami
Miami, FL$3,500,000
1.71 miles away
- 8052 NE 1st Ave
Miami, FL$3,500,000
1.36 miles away
- 1620 Bay Rd
Miami Beach, FL$3,250,000
4.51 miles away
- 1530 West Ave
Miami Beach, FL$3,200,000
4.65 miles away
- 1420 16th St
Miami Beach, FL$2,900,000
4.57 miles away
- 546-548 NE 65th St
Miami, FL$2,845,000
1.19 miles away
1125 NE 80th St
Miami, FL
LIGHTBOX-IMAGES