7905 Crespi Blvd ,Attached, Duplex, Biscayne Bch Sub for Sale

7905 Crespi Blvd for Sale

Price $1,575,000.00

• Lot size 1970
• Year Build 1947
• Waterfront Canal Front
• Zip 33141
• Style Attached
• Parking Description
• Pool Yes
• Status Active With Contract

Description

Amazing opportunity to own a waterfront duplex plus a studio in non-gated Biscayne Point. CAP Rate 3%. The lot is 5,750 Sqft with the option to buy the fourplex next to it located at 7885 Crespi and combine the two lots for total of 11,500 Sqft. You may renovate and increase the rents; or rebuild to increase the amount of units up to 15-22 combining 7885-7905 Crespi Blvd lots. The property consists of three units of 2 two bedrooms-two bathrooms and a studio in the back. Monthly income of $4,095 with potential to increase to $6,400. All the leases are month to month. This property already passed the 40 year inspection in 2019. 50% seller financing at 10% interest. If you are financing there is no financial contingency

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11579853 CAP Rate 3%.If you are financing there is no financial contingency

BISCAYNE BEACH SUB PB 44-67 LOT 24 BLK 10 LOT SIZE 50.000 X 115 OR 18799-1693 09 1999 1 COC 24117-4060 12 2005 6

Less Than 1/4 Acre Lot

Amazing opportunity to own a waterfront duplex plus a studio in non-gated Biscayne Point. CAP Rate 3%. The lot is 5,750 Sqft with the option to buy the fourplex next to it located at 7885 Crespi and combine the two lots for total of 11,500 Sqft. You may renovate and increase the rents; or rebuild to increase the amount of units up to 15-22 combining 7885-7905 Crespi Blvd lots. The property consists of three units of 2 two bedrooms-two bathrooms and a studio in the back. Monthly income of $4,095 with potential to increase to $6,400. All the leases are month to month. This property already passed the 40 year inspection in 2019. 50% seller financing at 10% interest. If you are financing there is no financial contingency

City:Miami Beach,Roof:1:Curved/S-Tile Roof,Zoning:3900,Cooling:1:Wall/Window Unit(s),List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2023,Latitude:25.864376,Cooling Y N:1,Heating Y N:1,List Price:1575000,Listing Id:A11579853,Longitude:-80.1269599,Mls Status:Active With Contract,Year Built:1947,Inclusions:Unrestricted Salt Water Access,Living Area:1946,Postal Code:33141,Street Name:Crespi Blvd,Coordinates:1:25.864376,Photos Count:14,Building Name:BISCAYNE BCH SUB,Days On Market:55,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:32,M L S Area Major:Biscayne Bch Sub,On Market Date:2024-05-01,Parcel Number:02-32-02-008-2380,Property Type:Residential Income,Rent Includes:1:Sewer,2:Trash Collection,3:Water,Stories Total:1,Street Number:7905,Waterfront Y N:1,M I A M I R E_ Style:Duplex,Public Remarks:Amazing opportunity to own a waterfront duplex plus a studio in non-gated Biscayne Point. CAP Rate 3%. The lot is 5,750 Sqft with the option to buy the fourplex next to it located at 7885 Crespi and combine the two lots for total of 11,500 Sqft. You may renovate and increase the rents; or rebuild to increase the amount of units up to 15-22 combining 7885-7905 Crespi Blvd lots. The property consists of three units of 2 two bedrooms-two bathrooms and a studio in the back. Monthly income of $4,095 with potential to increase to $6,400. All the leases are month to month. This property already passed the 40 year inspection in 2019. 50% seller financing at 10% interest. If you are financing there is no financial contingency,County Or Parish:Miami-Dade County,Frontage Length:50,List Office Name:Miami Residential Group,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Back On Market,Postal Code Plus4:1812,Property Sub Type:Duplex,State Or Province:FL,Subdivision Name:BISCAYNE BCH SUB,Tax Annual Amount:11046,Total Actual Rent:75600,Unparsed Address:7905 Crespi Blvd, Miami Beach FL 33141,Listing Agreement:Exclusive Agency,Operating Expense:20069,Year Built Details:Effective Year Built,Building Area Total:1970,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:809.3525,Original List Price:1600000,Previous List Price:1600000,Public Survey Range:32,Documents Available:1:Copy Of Lease(S),2:Rent Rolls,I D X Participation Y N:1,Net Operating Income:55531,Number Of Units Total:3,Syndication Remarks:Amazing opportunity to own a waterfront duplex plus a studio in non-gated Biscayne Point. CAP Rate 3%. The lot is 5,750 Sqft with the option to buy the fourplex next to it located at 7885 Crespi and combine the two lots for total of 11,500 Sqft. You may renovate and increase the rents; or rebuild to increase the amount of units up to 15-22 combining 7885-7905 Crespi Blvd lots. The property consists of three units of 2 two bedrooms-two bathrooms and a studio in the back. Monthly income of $4,095 with potential to increase to $6,400. All the leases are month to month. This property already passed the 40 year inspection in 2019. 50% seller financing at 10% interest. If you are financing there is no financial contingency,Listing Contract Date:2024-05-01,Originating System I D:miamire,Public Survey Section:2,Showing Instructions:24 Hour Notice,Street Number Numeric:7905,Tax Legal Description:BISCAYNE BEACH SUB PB 44-67 LOT 24 BLK 10 LOT SIZE 50.000 X 115 OR 18799-1693 09 1999 1 COC 24117-4060 12 2005 6,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:1958,M I A M I R E_ Internet Remarks:waterfront duplex. 2x2. Plus a studio in the back CAP 3%. Property for a developer-someone w/ vision of the area 50% seller financing at 10% interest,Contract Status Change Date:2024-05-01,Internet Address Display Y N:1,Number Of Units In Community:3,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Dual Variable Compensation Y N:1,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:809.35,Internet Automated Valuation Display Y N:1,