632 NE 85th St – Portfolio Miami FL 33138
632 NE 85th St - Portfolio, FL, 33138
$8,770,000
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Basics
- Lot Size Units: Square Feet
- Category: Commercial Sale
- Type: Multi Family
- Status: Active
- Bathrooms: 0
- Year built: 1940
- MLS ID: A11470771
Description
-
Description:
632 NE 85th St + 8411 Biscayne Blvd. 3 Folios totaling 58,125 SF of land. 25 residential units & 1 retail space in
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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.
Property details
- Total Building Area: 18405
- Number of Buildings: 9
- Lease Term: 36 Months
- Lot Size Square Feet: 58125
- Parcel Number: 01-32-07-003-0430
- Possession: Close Of Escrow
- Lot Size Acres: 1.334
- Lot Size Area: 58125
- Structure Type: Multi Family,Retail
Property Features
- Parking Features: Common,On Street
- Security Features: Fenced
- Construction Materials: Block
- Covered Spaces: 0
- Sewer: Public Sewer
- Waterfront Y/N: 0
- Water Source: Public
Location Details
- County Or Parish: Miami-Dade County
- Zoning Description: 4600
Fees & Taxes
- Tax Annual Amount: 32124
- 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
Miscellaneous
- Public Survey Township: 1
- Public Survey Section: 7
- Virtual Tour URL: https://www.propertypanorama.com/instaview/mia/A11470771
Ask our real estate expert about this property
This Multi Family-type commercial real estate is located in 632 NE 85th St - Portfolio, FL, 33138 was built in 1940, and is listed at $8,770,000.