632 85th St ,Apartments for Sale

632 85th St for Sale

Price $10,500,000.00

• Lot size 41745
• Year Build 1940
• Waterfront
• Zip 33138
• Style
• Parking Description Assigned
• Pool Yes
• Status Active

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.

118 buildable units. 58,125 SF of land.

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

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.

City:Miami,Zoning:4600,List A O R:A-Miami Association of REALTORS,Latitude:25.8534223,List Price:10500000,Listing Id:A11368723,Longitude:-80.1841827,Mls Status:Active,Ownership:Corporation,Year Built:1940,Inclusions:Building & Land,Leases, Leases,Postal Code:33138,Street Name:85th St,Coordinates:1:25.8534223,Photos Count:20,Days On Market:48,Listing Terms:1:Conventional/Refinance,Lot Size Acres:1.334,Lot Size Units:Square Feet,On Market Date:2023-04-07,Parcel Number:01-32-07-003-0430,Property Type:Commercial Sale,Street Number:632,Public Remarks: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.,County Or Parish:Miami-Dade County,Expiration Date:2023-10-31,List Office Name:Global Investments Realty,Private Remarks:118 buildable units. 58,125 SF of land.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:3567,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NE,Tax Annual Amount:32124,Unparsed Address:632 NE 85th St, Miami FL 33138,Building Features:1:Pedestrian Traffic,Listing Agreement:Exclusive Agency,Building Area Total:18405,Building Area Units:Square Feet,Lot Size Square Feet:41745,Original List Price:10500000,Public Survey Range:32,I D X Participation Y N:1,Syndication Remarks: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.,Listing Contract Date:2023-04-07,Originating System I D:miamire,Public Survey Section:7,Street Number Numeric:632,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,Public Survey Township:32,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2%,Contract Status Change Date:2023-04-07,Internet Address Display Y N:1,Number Of Units In Community:25,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,