632 NE 85th St – Portfolio, Miami FL 33138,Miami,Miami-Dade County,Commercial Sale

$8,770,000

Overview

Income/MultiFamily
Property Type

Description

632 NE 85th St + 8411 Biscayne Blvd. 3 Folios totaling 58,125 SF of land. 25 residential units & 1 retail space in
place, NOI $229,676 currently in place. Rents from $1,000 to $1,750/mo. with space to increase. Properties allow
118 buildable units with direct access to Biscayne Blvd., with a steady cash flow while the project is developed.
There’s the option to purchase a bigger portfolio in the same area from the same owner with up to 317 buildable
units.

Address

Open on Google Maps

Address: 85th St - Portfolio
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33138

Details

Updated on October 18, 2023 at 9:40 am

Price $8,770,000
Land Area 1.334 Square Feet
Year Built 1940
Property Type Income/MultiFamily
Property Status Commercial Sale

Additional details

StreetDirPrefix NE
PublicSurveyRange 32
LeaseAssignableYN no
ListAgentKey 2b10165af3e8c85844349858a91a0d28
TaxLegalDescription BISC HGTS PB 2-78 LOT 31 LESS N10FT FOR ST LOT SIZE 41745 SQ FT OR 22987-2803/24636-626 0704 4
OnMarketDate 2023-10-16
ListAgentEmail joel@glirealty.com
ContractStatusChangeDate 2023-10-16
MajorChangeTimestamp 2023-10-17T15:16:16.970Z
PhotosCount 18
SubAgencyCompensation 2%
StatusChangeTimestamp 2023-10-17T15:16:16.970Z
SecurityFeatures Security Fence
FinancialDataSource Accountant Provided, Owner Provided
PriceChangeTimestamp 2023-10-17T15:02:01.990Z
ListingKeyNumeric 387511449
MajorChangeType New
ListingContractDate 2023-10-16
ListAOR A-Miami Association of REALTORS
TaxAnnualAmount 32124
ListOfficeName Global Investments Realty
CurrentUse Income Non-Waterfront
OriginatingSystemKey miamire
BusinessType Residential-Multi-Family, Retail Space
DualVariableCompensationYN no
PhotosChangeTimestamp 2023-10-17T15:18:17.510Z
OriginatingSystemName Miami Association of REALTORS®
ListOfficePhone 305-635-3005
MlsStatus Active
StreetNumber 632
LeaseTerm 1 To 3 Year Lease
ListingKey dd8f4d4f70f82ad3bc24dd36581f2fb1
StateOrProvince FL
ListOfficeKey a81fbe7662e788e12cedbd509c746008
BridgeModificationTimestamp 2023-10-17T19:02:15.510Z
ListAgentFullName Joel Rodriguez
ListAgentOfficePhone 305-635-3005
Stories 2
ParcelNumber 01-32-07-003-0430
ListingTerms All Cash, Conventional/Refinance
LeaseRenewalOptionYN no
OtherExpense 0
LeaseConsideredYN yes
IDXParticipationYN yes
Fencing Fenced
InternetAddressDisplayYN yes
ListAgentMlsId 545697
StoriesTotal 2
ModificationTimestamp 2023-10-17T19:00:10.310Z
OriginatingSystemID miamire
LandLeaseYN no
DaysOnMarket 1
BuyerAgencyCompensationType %
ListOfficeMlsId GLIN01
Inclusions Building & Land, Leases, Leases
ListAgentDirectPhone 305-635-3005
StreetNumberNumeric 632
ParkingFeatures Assisted, Common, On Street
PostalCodePlus4 3567
NumberOfUnitsInCommunity 25
Sewer Public Sanitation
ExpirationDate 2024-10-16
SyndicationRemarks 632 NE 85th St + 8411 Biscayne Blvd. 3 Folios totaling 58, 125 SF of land. 25 residential units & 1 retail space in place, NOI $229, 676 currently in place. Rents from $1, 000 to $1, 750/mo. with space to increase. Properties allow 118 buildable units with direct access to Biscayne Blvd., with a steady cash flow while the project is developed. There's the option to purchase a bigger portfolio in the same area from the same owner with up to 317 buildable units.
StructureType Free Standing
ListAgentStateLicense 0545697
PublicSurveyTownship 32
ListOfficeFax 305-635-4221
ListingAgreement Exclusive Agency
PublicSurveySection 7
ListingId A11470771
SpecialListingConditions Sale
NumberOfBuildings 9
OriginalListPrice 8770000
BuildingAreaUnits Square Feet
InternetEntireListingDisplayYN yes
BuyerAgencyCompensation 2%
InternetAutomatedValuationDisplayYN no
OriginalEntryTimestamp 2023-10-17T15:16:16.970Z
SourceSystemKey 387511449
LotFeatures City Location
LotSizeSquareFeet 58125
InternetConsumerCommentYN no
BuildingAreaTotal 18405