Amazing opportunity to own a waterfront duplex plus a studio in non-gated Biscayne Point. CAP Rate 3%. The lot is 5,750 Sqft with the option to buy the fourplex next to it located at 7885 Crespi and combine the two lots for total of 11,500 Sqft. You may renovate and increase the rents; or rebuild to increase the amount of units up to 15-22 combining 7885-7905 Crespi Blvd lots. The property consists of three units of 2 two bedrooms-two bathrooms and a studio in the back. Monthly income of $4,095 with potential to increase to $6,400. All the leases are month to month. This property already passed the 40 year inspection in 2019. 50% seller financing at 10% interest
|
DAYS ON MARKET
|
16
|
LAST UPDATED
|
5/1/2024
|
|
TRACT
|
BISCAYNE BCH SUB
|
YEAR BUILT
|
1947
|
|
COMMUNITY
|
32
|
COUNTY
|
Miami-Dade
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
| AIR |
Ceiling Fan(s), Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| AREA |
32 |
| CONSTRUCTION |
BLOCK |
| HEAT |
Other |
| LOT |
0 |
| LOT DESCRIPTION |
Waterfront |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
1 |
| SUBDIVISION |
BISCAYNE BCH SUB |
| TAXES |
11046 |
| UTILITIES |
Cable Available |
| WATERFRONT |
Yes |
| WATERFRONT DESCRIPTION |
Canal Front |
| ZONING |
3900 |
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Data last updated: 5/16/24 10:13 PM PDT.
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