20 photos
USD 10,500,000
632 NE 85th St
Miami, Florida 33138
Beds
Baths
0
Property Description
632 NE 85th St + 8411 Biscayne Blvd. 3 Folios totaling 58,125 SF of land. Properties allow 118 buildable units with direct access to Biscayne Blvd., with a steady cash flow while the project is developed. 25 residential units & 1 retail space in place, NOI $182,468 currently in place. Rents from $875 to $1,550/mo. with space to increase. There's the option to purchase a bigger portfolio in the same area from the same owner with up to 317 buildable units.
Listed by Global Investments Realty
Property Details
- ID #
- A11368723
- Status
- Sale
- Type
- Commercial, Industrial
- Zip Code
- 33138
- Lot Area
- 58,109ft2
- Year Built
- 1940
- Ground Feature
- Fenced
- Water Source
- City/mains water
- Construction
- Concrete Block Construction
- Miscellaneous
- Laundry Facilities, Pedestrian Traffic
- Occupancy
- Tenant Occupied
- Parking
- Assigned Parking
- Type of Building
- Apartments
- Utilities
- Internet
- Zoning Information
- 4600
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Listing content provided by the Miami Association of Realtors
Disclaimer: BBC: 2%, The offer of compensation is made only to participants of the MLS where the listing is filed.