632 85th St - Portfolio ,Free Standing, Income Non-waterfront for Sale & Rent

632 85th St - Portfolio for Sale & Rent

Price $8,770,000.00

• Lot size 58125
• Year Build 1940
• Waterfront
• Zip 33138
• Style
• Parking Description Assisted, Common, On Street
• Pool Yes
• Status Active

Description

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.

632 NE 85th St + 8411 Biscayne Blvd. 3 Folios totaling 58,125 SF of land. 25 residential units & 1 retail space in place, 118 buildable units. NOI in-place $229,676, Proforma NOI $353,172.

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

City Location

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.

City:Miami,Zoning:4600,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:25.8534223,Lease Term:1 To 3 Year Lease,List Price:8770000,Listing Id:A11470771,Longitude:-80.1841827,Mls Status:Active,Year Built:1940,Inclusions:Building & Land,Leases, Leases,Postal Code:33138,Street Name:85th St - Portfolio,Coordinates:1:25.8534223,Photos Count:18,Business Type:1:Retail Space,Days On Market:2,Listing Terms:1:Conventional/Refinance,Lot Size Acres:1.334,Lot Size Units:Square Feet,M I A M I R E_ Area:32,On Market Date:2023-10-16,Parcel Number:01-32-07-003-0430,Property Type:Commercial Sale,Stories Total:2,Street Number:632,Open Parking Y N:1,Public Remarks: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.,County Or Parish:Miami-Dade County,List Office Name:Global Investments Realty,Private Remarks:632 NE 85th St + 8411 Biscayne Blvd. 3 Folios totaling 58,125 SF of land. 25 residential units & 1 retail space in place, 118 buildable units. NOI in-place $229,676, Proforma NOI $353,172.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Parking Features:1:Common,2:On Street,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 - Portfolio, Miami FL 33138,Listing Agreement:Exclusive Agency,Building Area Total:18405,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:58125,M I A M I R E_ For Sale Y N:1,Number Of Buildings:9,Original List Price:8770000,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. 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.,Financial Data Source:1:Owner Provided,Listing Contract Date:2023-10-16,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%,M I A M I R E_ Internet Remarks:632 NE 85th St + 8411 Biscayne Blvd. 3 Folios totaling 58,125 SF of land. 25 residential units & 1 retail space in place.,Contract Status Change Date:2023-10-16,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:%,