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1125 NE 80th St
Miami, FL 33138
Renovated 8 Units East of Miami Shores · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- 8 Renovated Units with over $200K Upgrades, Spacious Lot, Laundry Room, 9 Parking Spaces, Half a block to Biscayne Bay, Value Add - Under-market Rents
- Impact Windows & Doors, Ability to add Center Pool, East of I-95 & Biscayne Boulevard. Architectural Rendering Available upon Request
EXECUTIVE SUMMARY
Luxury Live Auction! Bidding to start from $1,000,000! Turnkey Multifamily 8 unit apartment building with 9 Parking Spaces on a 12,516 Sq Ft. Lot half a block to Biscayne Bay being sold via Auction in Miami's Upper East Side neighborhood of Shorecrest, 1125 NE 80th St is an 8-unit property that has been fully upgraded and individually metered for efficiency. Renovated in 2023, the building features a landscaped courtyard, on-site laundry facility and 9 Parking Spaces. Its T-5-R zoning offers valuable long-term development potential to optionally Re-Develop a Boutique 5 Story Hotel, Condo or Multifamily overlooking Biscayne Bay or Long Term hold with increasing Rents. Also nearby include waterfronts, parks, boutiques, restaurants, and key commuter routes with a short drive to I-95. With full occupancy and strong tenant retention, this property combines dependable cash flow with future growth potential in one of Miami's most dynamic submarkets. Prime location East of Biscayne Boulevard and half a block to Biscayne Bay, places it West of North Bay Village, North Beach & Nearby Surfside, 20 Min Drive to the Beach and positioned North West of Miami Beach/South Beach.
Auction Link: https://www.harcourtsauctions.com/properties/1125-ne-80th-street-miami-fl-33138
For More Info including Updated Financials, Operating Expenses Etc. please email sgrossmanrealtor@gmail.com
Auction Link: https://www.harcourtsauctions.com/properties/1125-ne-80th-street-miami-fl-33138
For More Info including Updated Financials, Operating Expenses Etc. please email sgrossmanrealtor@gmail.com
PROPERTY FACTS
| Price Per Unit | $125,000 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 4,600 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1956/2023 |
| Apartment Style | Low-Rise | Parking Ratio | 1.97/1,000 SF |
| Building Class | C | ||
| Zoning | T5-R - Multifamily T-5-R | ||
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 4,600 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1956/2023 |
| Parking Ratio | 1.97/1,000 SF |
| Zoning | T5-R - Multifamily T-5-R |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Tile Floors
- Grill
- Garden
SITE AMENITIES
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | 450 |
| 1+1 | 4 | - | 650 |
| 2+1 | 2 | - | 950 |
PROPERTY TAXES
| Parcel Number | 01-3208-011-0170 | Improvements Assessment | $320,491 |
| Land Assessment | $1,063,860 | Total Assessment | $1,384,351 |
PROPERTY TAXES
Parcel Number
01-3208-011-0170
Land Assessment
$1,063,860
Improvements Assessment
$320,491
Total Assessment
$1,384,351
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