About 1125 Ne 80th St
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.
Features of 1125 Ne 80th St
| MLS® # | A11560973 |
|---|---|
| Price | $2,900,000 |
| Square Footage | 4,600 |
| Year Built | 1956 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Style | Fourplex |
| Status | Active |
Community Information
| Address | 1125 Ne 80th St |
|---|---|
| Area | 32 |
| Subdivision | CAUSEWAY BAYFRONTS |
| City | Miami |
| County | Miami-Dade County |
| State | FL |
| Zip Code | 33138-4222 |
Amenities
| Utilities | Cable Available |
|---|---|
| # of Parking Spaces | 7 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Flooring | Ceramic Tile |
|---|---|
| Heating | Wall Furnace |
| Cooling | Wall/Window Unit(s) |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Roof | Barrel |
|---|---|
| Construction | Block |
| Lot Features | < 1/4 Acre |
| Sewer | Public Sewer |
Additional Information
| Date Listed | April 8th, 2024 |
|---|---|
| Days on Market | 39 |
| Zoning Description | 4600 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Rent Includes | Sewer,TrashCollection,Water |
| Year Built Details | Resale |
| Tax Annual Amount | $24,371 |
| Tax Year | 2023 |
| Buyer Agent Compensation | 2% |
Unit 1 Details
| Beds | 2 |
|---|---|
| Baths | 1.00 |
| Features | Parking:Space, Air Conditioning Unit, Electric Meter, Microwave, Range, Refrigerator |
| Furnished | Unfurnished |
| Leased | Yes |
Unit 2 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Features | Parking:Space, Air Conditioning Unit, Electric Meter, Range, Refrigerator |
| Furnished | Unfurnished |
| Leased | Yes |
Unit 3 Details
| Baths | 1.00 |
|---|---|
| Features | Parking:Space, Air Conditioning Unit, Dryer, Electric Meter, Range, Refrigerator, Washer |
| Furnished | Furnished |
Listing Details
| Office | Keller Williams Elite Properties |
|---|