Property 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.
Features
- Parking
- Roof:
- Other
Address Map
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami
- Zipcode:
- 33138
- Street:
- 47 Ne 80th Ter, Miami, Florida 33138
- Longitude:
- W81° 48' 14.4''
- Latitude:
- N25° 50' 55.8''
MLS Addon
- Building Area:
- 1,873 Sqft
- Construction Materials:
- Block
- Cumulative DOM:
- 357
- DOM:
- 231
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Listing Terms:
- Cash, Conventional
- Parcel Number:
- 01-31-12-013-0090
- Structure Type:
- Multi Family
- Tax Annual Amount:
- $9,027
- Virtual Tour:
- Click Here
Commercial Sale For Sale
47 Ne 80th Ter, Miami, Florida 33138, Miami, Florida 33138
8,300 Sqft
$900,000
MLS # #A11828527
Basic Details
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $900,000
- Year Built :
- 1948
- Lot Area :
- 8,300 Sqft
- MLS # :
- A11828527
- Property Sub Type :
- Multi Family
