Property Description
632 NE 85th St + 8411 Biscayne Blvd. 3 Folios totaling 58,125 SF of land. 25 residential units & 1 retail space inrnplace, NOI $229,676 currently in place. Rents from $1,000 to $1,750/mo. with space to increase. Properties allowrn118 buildable units with direct access to Biscayne Blvd., with a steady cash flow while the project is developed.rnThere’s the option to purchase a bigger portfolio in the same area from the same owner with up to 317 buildablernunits.
Address Map
FL
Miami-Dade County
Miami
33138
632 NE 85th St - Portfolio
W81° 48' 56.9''
N25° 51' 12.3''
MLS Addon
Building & Land, Leases
1 To 3 Year Lease
All Cash, Conventional/refinance
1
Sale
2
Free Standing
$32,124
Public
4600
25
17/10/2023 15:18:17
632 NE 85th St - Portfolio, Miami, Florida 33138
$8,770,000
58,125 size sq.ft.
Listing ID #A11470771
Basic Details
Property Type Commercial Sale
Listing Type For Sale
Listing ID A11470771
Price $8,770,000
Year Built 1940
Days on Market 2
Building Area 18,405 Sqft
Status Active
Property SubType Income/multifamily
Lot Area 58,125 Sqft
List Date 2023-10-18
On Market Date 16/10/2023
MiamiInvestrealty
