1125 80th St ,Detached, Quadruplex, Causeway Bayfronts for Sale

1125 80th St for Sale

Price $2,900,000.00

• Lot size 4600
• Year Build 1956
• Waterfront
• Zip 33138
• Style Detached
• Parking Description
• Pool Yes
• Status Active

Description

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.

DO NOT DISTURB TENANTS, DO NOT WALK PROPERTY WITHOUT LISTING AGENT! see attachment for Income, Expenses and rent roll. Building completed it's 40 Years Recertification in 2016. All door and windows impact.

CAUSEWAY BAYFRONTS PB 44-60 LOTS 3 & 4 BLK 3 LOT SIZE 12516 SQ FT OR 10543-1018 1079 1 COC 21547-2816 07 2003 1

Less Than 1/4 Acre Lot

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.

City:Miami,Zoning:4600,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2023,Latitude:25.8492075,Cooling Y N:1,Heating Y N:1,List Price:2900000,Listing Id:A11560973,Longitude:-80.1737742,Mls Status:Active,Year Built:1956,Living Area:4600,Postal Code:33138,Street Name:80th St,Coordinates:1:25.8492075,Photos Count:11,Building Name:CAUSEWAY BAYFRONTS,Days On Market:8,Lot Size Units:Square Feet,M I A M I R E_ Area:32,M L S Area Major:Causeway Bayfronts,On Market Date:2024-04-08,Parcel Number:01-32-08-011-0170,Parking Total:7,Property Type:Residential Income,Rent Includes:1:Trash Collection,2:Water,Stories Total:1,Street Number:1125,M I A M I R E_ Style:Fourplex,Public Remarks: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.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,List Office Name:Keller Williams Elite Properties,Private Remarks:DO NOT DISTURB TENANTS, DO NOT WALK PROPERTY WITHOUT LISTING AGENT! see attachment for Income, Expenses and rent roll. Building completed it's 40 Years Recertification in 2016. All door and windows impact.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4222,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NE,Subdivision Name:CAUSEWAY BAYFRONTS,Tax Annual Amount:24371,Unparsed Address:1125 NE 80th St, Miami FL 33138,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:4600,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:630.4348,Original List Price:2900000,Public Survey Range:32,Documents Available:1:Copy Of Lease(S),2:Rent Rolls,I D X Participation Y N:1,Syndication Remarks: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 Contract Date:2024-04-08,Originating System I D:miamire,Public Survey Section:1,Showing Instructions:Call Listing Agent,Street Number Numeric:1125,Tax Legal Description:CAUSEWAY BAYFRONTS PB 44-60 LOTS 3 & 4 BLK 3 LOT SIZE 12516 SQ FT OR 10543-1018 1079 1 COC 21547-2816 07 2003 1,Public Survey Township:32,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:$1,M I A M I R E_ Adjusted Area S F:4600,M I A M I R E_ Internet Remarks:Fully updated 8 unit property on large lot located in east Shorecrest - Solid income/solid return $220,800 GOI, $173,260 NOI, 6% CAP.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-04-08,Internet Address Display Y N:1,Number Of Units In Community:3,M I A M I R E_ Ok To Advertise List:No,Transaction Broker Compensation:2.5%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2.5%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:630.43,