Active
1125 NE 80th St
Miami FL, 33138
$2,900,000
$630.43 per sqft
Active
4,600 sqft
Commercial
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.
A11561004
MLSⓇ ID
April 8, 2024
Listed
May 9, 2024
Updated
Map
1125 NE 80th St
Miami FL, 33138
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.29 Acres
Other Property Details
Taxes
$24,371
Tax Frequency
Annually
Days on Market
25
Garage
No
View
No
County
Miami-Dade County
Pool
No
Zoning
4600
Buyer Agency Compensation
2%
Listed by: Keller Williams Elite Properties
Listing Contact: 305-904-5613
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 Miami Association of REALTORS® all rights reserved.
Data last updated 4:50 AM UTC, 5/9/2024.