Fully updated and well-maintained 8-unit property on large 12,516 SF lot located in east Shorecrest - Unit breakdown: 2 2/1 units, 4 1/1 units, 2 studios; east of Biscayne Blvd, half a block to Bay & NE 79 St. Solid income/ solid return - $220,800 GOI, $173,260 NOI, 6% cap rate. Upside in rents, T-5-R zoning allows building up to 5 stories - invest now for a solid return, land bank for future development. Safe, convenient location & tenant-friendly property (9 parking spaces, outdoor spaces for tenants) property is 100% occupied. Building completed it's 40 Years Recertification in 2016. All door and windows impact.
Property Details
Property Features
Property Information:
Architectural Style: Fourplex
Year Built: 1956
Stories: 1
Living Area: 4,600 SqFt
Listing Office:
Office Name: Keller Williams Elite Properties
Office Phone: (305) 931-2224
Listing Agent: Jose Anzola
Interior Features
Interior Information:
Flooring Type: Ceramic Tile
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
School Info
Assigned Schools Information:
Miami Edison Senior High School, Public Magnet Grades 9-12
Horace Mann Middle School, Public Magnet Grades 6-8
Jesse J. McCrary, Jr. Elementary School, Public District Grades PK-5
Price Information
Listing Price Info
Price Summary:
List Price: $2,900,000
Price Per SqFt: $630/SqFt
Tax Information:
Annual Amount: $18,267
Tax Year: 2020
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
2
/10
Jesse J. McCrary, Jr. Elementary School
514 NW 77th St
Distance between this listing and this school2.00 miles
Public District Grades PK-5
Middle School
2
/10
Horace Mann Middle School
8950 NW 2nd Ave
Distance between this listing and this school1.84 miles
Public Magnet Grades 6-8
High School
2
/10
Miami Edison Senior High School
6161 NW 5th Ct
Distance between this listing and this school2.28 miles
Public Magnet Grades 9-12
Assigned Schools
2
/10
Jesse J. McCrary, Jr. Elementary School
514 NW 77th St
Distance between this listing and this school2.00 miles
Public District Grades PK-5
Nearby Schools
7
/10
Phyllis R. Miller Elementary School
840 NE 87th St
Distance between this listing and this school0.60 miles
Public Magnet Grades PK-5
6
/10
Morningside K-8 Academy
6620 NE 5th Ave
Distance between this listing and this school1.19 miles
Public Magnet Grades PK-5
Assigned Schools
2
/10
Horace Mann Middle School
8950 NW 2nd Ave
Distance between this listing and this school1.84 miles
Public Magnet Grades 6-8
Nearby Schools
5
/10
Nautilus Middle School
4301 N Michigan Ave
Distance between this listing and this school3.34 miles
Public District Grades 6-8
8
/10
Mater Academy Miami Beach
8625 Byron Ave
Distance between this listing and this school3.48 miles
Public Charter Grades KG-8
Assigned Schools
2
/10
Miami Edison Senior High School
6161 NW 5th Ct
Distance between this listing and this school2.28 miles
Public Magnet Grades 9-12
Nearby Schools
3
/10
Miami Northwestern Senior High School
1100 NW 71st St
Distance between this listing and this school2.61 miles
Public Magnet Grades 9-12
7
/10
Miami Arts Charter
3900 Biscayne Blvd
Distance between this listing and this school2.64 miles
The neighbors living near this home have an average income of $47,167. Residents of Miami, FL typically earn less than $35k each year. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
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This home is located at 1125 NE 80th St in Miami, FL and zip code 33138 in the North Bayfront neighborhood. This 4,600 square foot home was built in 1956. It has been listed on Rocket Homes since April 08, 2024 and is currently priced at $2,900,000.
Miami, FL housing market in March 2024 saw over 115 listings sold above listed price, more than 149 sold at listed price and over 619 sold below. The number of listings in Miami, FL increased by 9.1% between February 2024 and March 2024. In March 2024, listings were on the market for 59 days. During the same period, the median list price in this real estate market was $540,091.
From Rocket Homes Real Estate and based on county public records data.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
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