1125 Ne 80th St
Miami, Florida
$2,900,000 Rental Price
- Bedrooms   - Baths

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,...

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.

Listing courtesy of Keller Williams Elite Properties

 

Listing Details

Miami, Florida
Type: Rental
Price: $2,900,000
Approx. square footage: 4,600 sf
Web ID: 11560973
MLS ID: A11560973

Info & Amenities

Type: Quadruplex
Built: 1956
Pool: Yes

Map of Area for 1125 NE 80th St

Listing Agent(s)