7927-7931 East Dr,Income Waterfront, Apartments, Residential-Multi-Family

7927-7931 East Dr, North Bay Village, Florida, 33141

Price $10,980,000.00

  • Lot size 44800
  • Year Build 1961
  • Waterfront No Fixed Bridges, Seawall
  • Zip 33141
  • Style
  • Parking Description On Street
  • Pool Yes
  • Status Active

Description

Amazing opportunity to purchase a waterfront property sitting on over an acre of land w/44 units below appraised value! With 320 linear feet of bayfront property, this community features waterfront pool and sun deck, breathtaking views of sun-drenched skies & lush greenery, & amazing potential for future development. All units feature upgraded interiors that include wood cabinetry, granite countertops, SS appliances, & modern baths. All waterfront units feature spacious balconies w/sliding glass doors. Roofs replaced in 2018. Surrounded by new luxurious apartment buildings, this property provides an idyllic setting at an affordable price for residents ? ensuring stable tenancy for the property owner. Favorable financing terms in place for buyer to assume. Unit mix: 32 2BDs, 10 1BDs, 2 3BDs

Please do not disturb tenants. Check out virtual tour and photos - Buyer must assume current loan. **VR TOUR: https://mls.ricohtours.com/bcc5a621-8fae-45a5-8412-872f85169bf5/ **

8-9 53 42 HARBOR ISLAND PB 44-72 LOTS 27 & 29 LOT SIZE 160.000 X 140 OR 22374-4630-31 05 2004 1

City Location

Amazing opportunity to purchase a waterfront property sitting on over an acre of land w/44 units below appraised value! With 320 linear feet of bayfront property, this community features waterfront pool and sun deck, breathtaking views of sun-drenched skies & lush greenery, & amazing potential for future development. All units feature upgraded interiors that include wood cabinetry, granite countertops, SS appliances, & modern baths. All waterfront units feature spacious balconies w/sliding glass doors. Roofs replaced in 2018. Surrounded by new luxurious apartment buildings, this property provides an idyllic setting at an affordable price for residents ? ensuring stable tenancy for the property owner. Favorable financing terms in place for buyer to assume. Unit mix: 32 2BDs, 10 1BDs, 2 3BDs

City:North Bay Village,Roof:1:Other,Zoning:4000,List A O R:A-Miami Association of REALTORS,Flooring:1:Wood,Latitude:25.8520548,Cooling Y N:1,Heating Y N:1,Lease Term:Annual Lease,List Price:10980000,Listing Id:A10992584,Longitude:-80.1572495,Mls Status:Active,Year Built:1961,Directions:From 79th St in Miami mainland, head east to Biscayne Bay, Turn Left into Harbor Island, and turn right onto East Dr. property on right.,Inclusions:Building & Land,Fixtures,Leases, Furniture/Fixtures,Leases,Postal Code:33141,Street Name:East Dr,Coordinates:1:25.8520548,Photos Count:74,Business Type:1:Residential-Multi-Family,Days On Market:94,Listing Terms:1:Assumable,2:Other Terms,Lot Size Acres:1.02,Lot Size Units:Square Feet,On Market Date:2021-02-01,Parcel Number:23-32-09-001-0290,Property Type:Commercial Sale,Stories Total:2,Street Number:7927-7931,Waterfront Y N:1,Open Parking Y N:1,Public Remarks:Amazing opportunity to purchase a waterfront property sitting on over an acre of land w/44 units below appraised value! With 320 linear feet of bayfront property, this community features waterfront pool and sun deck, breathtaking views of sun-drenched skies & lush greenery, & amazing potential for future development. All units feature upgraded interiors that include wood cabinetry, granite countertops, SS appliances, & modern baths. All waterfront units feature spacious balconies w/sliding glass doors. Roofs replaced in 2018. Surrounded by new luxurious apartment buildings, this property provides an idyllic setting at an affordable price for residents ? ensuring stable tenancy for the property owner. Favorable financing terms in place for buyer to assume. Unit mix: 32 2BDs, 10 1BDs, 2 3BDs,County Or Parish:Miami-Dade County,Expiration Date:2021-05-31,Frontage Length:320,Manager Expense:24000,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,New Taxes Expense:117148,Postal Code Plus4:3338,State Or Province:FL,Tax Annual Amount:57976,Unparsed Address:7927-7931 East Dr, North Bay Village FL 33141,Building Features:1:Exterior Lighting,2:Laundry Facilities,3:Pool,Insurance Expense:63626,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:33807,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:44800,Number Of Buildings:3,Original List Price:10980000,Public Survey Range:32,Documents Available:1:Copy Of Lease(S),2:Photos,3:Rent Rolls,I D X Participation Y N:1,Net Operating Income:530662,Syndication Remarks:Amazing opportunity to purchase a waterfront property sitting on over an acre of land w/44 units below appraised value! With 320 linear feet of bayfront property, this community features waterfront pool and sun deck, breathtaking views of sun-drenched skies & lush greenery, & amazing potential for future development. All units feature upgraded interiors that include wood cabinetry, granite countertops, SS appliances, & modern baths. All waterfront units feature spacious balconies w/sliding glass doors. Roofs replaced in 2018. Surrounded by new luxurious apartment buildings, this property provides an idyllic setting at an affordable price for residents ? ensuring stable tenancy for the property owner. Favorable financing terms in place for buyer to assume. Unit mix: 32 2BDs, 10 1BDs, 2 3BDs,Waterfront Features:1:Seawall,Listing Contract Date:2021-02-01,Originating System I D:miamire,Public Survey Section:9,Showing Instructions:24 Hour Notice,Appointment Only,Call Listing Agent,Street Number Numeric:7927,Tax Legal Description:8-9 53 42 HARBOR ISLAND PB 44-72 LOTS 27 & 29 LOT SIZE 160.000 X 140 OR 22374-4630-31 05 2004 1,Electric On Property Y N:1,Public Survey Township:32,Construction Materials:1:Other,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2%,Contract Status Change Date:2021-02-01,Distance To Freeway Numeric:3,Internet Address Display Y N:1,Number Of Units In Community:44,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,

  • Price $10,980,000.00
  • Price Change: 2021-02-01
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1961
  • Waterfront No Fixed Bridges, Seawall
  • View
  • Pool Yes
  • Style
  • Construction CBS Construction, Other
  • Parking Description On Street
  • Flooring Type Tile, Wood
  • Property Type Commercial Sale
  • Status Active
  • Listed 2021-02-01
  • Days on Market 95
  • Furnished
  • City North Bay Village
  • Zip 33141
  • State Florida
  • Subdivision
  • Development Name
  • HOA Fees
  • Taxes 57976
  • Taxes Year