Active
1125 NE 80th St
Miami FL, 33138
$2,900,000
$630.43 per sqft
Active
4,600 sqft
Multi-family
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.
A11560973
MLSⓇ ID
April 8, 2024
Listed
May 9, 2024
Updated
Map
1125 NE 80th St
Miami FL, 33138
Interior Features
Total Stories
1
Floor Description
Ceramic Floor
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Window/Wall
Exterior/Building Features
Lot Features
Less Than 1/4 Acre Lot
Architectual Style
Detached
Roof
Barrel Roof
Sewer
Public Sewer
Other Property Details
Area Name
Causeway Bayfronts
Taxes
$24,371
Tax Frequency
Annually
Days on Market
25
Garage
No
Parking Total
7
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
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Data last updated 4:51 AM UTC, 5/9/2024.