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Income/MultiFamily - for Sale

632 NE 85TH ST, MIAMI, FL 33138

Asking Price$8,770,000

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  • Lot size 58125sqft
  • Taxes $32,124
  • Year Built 1940
  • Days on market:

    2 day(s)
  • Original Price:

    $8,770,000
  • Tax Legal Description:

    BISC HGTS PB 2-78 LOT 31 LESS N10FT FOR ST LOT SIZE 41745 SQ FT OR 22987-2803/24636-626 0704 4
  • Property Type:

    Income/MultiFamily
  • Parking:

    AssistedCommon On Street
  • Inclusions:

    Building & Land,Leases, Leases
  • Lease Term Remaining:

    1 To 3 Year Lease
  • Special Listing Conditions:

    Sale
  • Lot Features:

    City Location

Description

$8,770,000

632 ne 85th st + 8411 biscayne blvd. 3 folios totaling 58,125 sf of land. 25 residential units & 1 retail space in place, noi $229,676 currently in place. rents from $1,000 to $1,750/mo. with space to increase. properties allow 118 buildable units with direct access to biscayne blvd., with a steady cash flow while the project is developed. there's the option to purchase a bigger portfolio in the same area from the same owner with up to 317 buildable units.

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