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.
Property Type :
ResidentialIncome
Subdivision :
Causeway Bayfronts
County :
Miami-Dade County
Style :
ResidentialIncome
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ByOwner last updated this listing 05/16/2024 @ 23:07
MLS: A11560973
LISTED BY: Jose Anzola, Keller Williams Elite Properties
SOURCE: SEFMIAMI
Buyer Agency Compensation: 2%
Buyer Agency Description: BBC: 2%, The offer of compensation is made only to participants of the MLS where the listing is filed.
