1125 NE 80th St, Miami, 33138

  • $2,750,000

Listing UP for Sale

Miami

Overview

Property ID: A11560973
  • Property Type
  • Quadruplex
  • 4600
  • sqft
  • 1956
  • Year Built

Description

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.

  • Address 1125 NE 80th St
  • City Miami
  • State/county Florida
  • Zip/Postal Code 33138
  • Area Miami-dade County

Details

Updated on August 16, 2024 at 12:01 am
  • Property ID: A11560973
  • Price: $2,750,000
  • Property Size: 4600 sqft
  • Year Built: 1956
  • Property Type: Quadruplex
  • Property Status: Listing UP for Sale

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