47 80th Ter , for Sale

47 80th Ter for Sale

Price $1,150,000.00

• Lot size 8300
• Year Build 1948
• Waterfront
• Zip 33138
• Style
• Parking Description
• Pool Yes
• Status Active

Description

A prime opportunity in a highly sought-after neighborhood! It's an income-producing multi-family investment with a cap rate of over 3%. Spread across an 8,300 square foot lot, this property is zoned T5-0, allowing for up to 12 units. Currently, all units are rented through Section 8, providing a steady income stream. The existing structure features 1 one bedroom and 4 studio apartments. Its central location offers easy access to the vibrant Design District, major expressways, and is conveniently situated near beautiful beaches and airports.

PLEASE DO NOT DISTURB THE TENANTS. FOR SHOWINGS PLEASE CONTACT DANICA AT 305-699-2411. SUBMIT ALL OFFERS WITH PROOF OF FUNDS/ PRE APPROVAL. FOR SHOWINGS PLEASE CONTACT DANICA AT 305-699- 2411.

LITTLE RIVER GARDENS PL BLKS 18 TO 23 INC PB 6-153 E75FT LOTS 1 & 2 BLK 20 LOT SIZE 8300 SQUARE FEET OR 10148-1393 0878 1

A prime opportunity in a highly sought-after neighborhood! It's an income-producing multi-family investment with a cap rate of over 3%. Spread across an 8,300 square foot lot, this property is zoned T5-0, allowing for up to 12 units. Currently, all units are rented through Section 8, providing a steady income stream. The existing structure features 1 one bedroom and 4 studio apartments. Its central location offers easy access to the vibrant Design District, major expressways, and is conveniently situated near beautiful beaches and airports.

City:Miami,Zoning:6101 T5-0,List A O R:A-Miami Association of REALTORS,Latitude:25.8488264,List Price:1150000,Listing Id:A11681107,Longitude:-80.1959849,Mls Status:Active,Year Built:1948,Postal Code:33138,Street Name:80th Ter,Coordinates:1:25.8488264,Photos Count:26,Business Type:1:Residential-Multi-Family,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:31,On Market Date:2024-10-23,Parcel Number:01-31-12-013-0090,Parking Total:3,Property Type:Commercial Sale,Street Number:47,Public Remarks:A prime opportunity in a highly sought-after neighborhood! It's an income-producing multi-family investment with a cap rate of over 3%. Spread across an 8,300 square foot lot, this property is zoned T5-0, allowing for up to 12 units. Currently, all units are rented through Section 8, providing a steady income stream. The existing structure features 1 one bedroom and 4 studio apartments. Its central location offers easy access to the vibrant Design District, major expressways, and is conveniently situated near beautiful beaches and airports.,County Or Parish:Miami-Dade County,List Office Name:Compass Florida, LLC.,Private Remarks:PLEASE DO NOT DISTURB THE TENANTS. FOR SHOWINGS PLEASE CONTACT DANICA AT 305-699-2411. SUBMIT ALL OFFERS WITH PROOF OF FUNDS/ PRE APPROVAL. FOR SHOWINGS PLEASE CONTACT DANICA AT 305-699- 2411.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4365,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NE,Tax Annual Amount:9027,Unparsed Address:47 NE 80th Ter, Miami FL 33138,Listing Agreement:Exclusive Right To Sell,Building Area Total:1873,Building Area Units:Square Feet,Lot Size Square Feet:8300,Original List Price:1150000,Public Survey Range:31,I D X Participation Y N:1,Syndication Remarks:A prime opportunity in a highly sought-after neighborhood! It's an income-producing multi-family investment with a cap rate of over 3%. Spread across an 8,300 square foot lot, this property is zoned T5-0, allowing for up to 12 units. Currently, all units are rented through Section 8, providing a steady income stream. The existing structure features 1 one bedroom and 4 studio apartments. Its central location offers easy access to the vibrant Design District, major expressways, and is conveniently situated near beautiful beaches and airports.,Listing Contract Date:2024-10-23,Originating System I D:miamire,Public Survey Section:12,Showing Instructions:24 Hour Notice,See Broker Remarks,Street Number Numeric:47,Tax Legal Description:LITTLE RIVER GARDENS PL BLKS 18 TO 23 INC PB 6-153 E75FT LOTS 1 & 2 BLK 20 LOT SIZE 8300 SQUARE FEET OR 10148-1393 0878 1,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:A prime opportunity in a highly sought-after neighborhood! It's an income-producing multi-family investment with a cap rate of over 3%.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-10-23,Internet Address Display Y N:1,Number Of Units In Community:5,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,