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632 NE 85th St - Portfolio Miami, FL $ 8,770,000
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$ 8,770,000 Get more info
632 NE 85th St - Portfolio
$ 8,770,000
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Share Save

632 NE 85th St - Portfolio

Miami, FL, 33138
$ 8,770,000
Baths0.0 Sq 18,405

Monthly Estimate*

$ 58,288

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Studio

Commercial Property for sale in Miami, FL

for $8,770,000. This 18,405 square foot building was built in 1940 on a lot size of 1.334.

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.

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Commercial Active

Price

$ 8,770,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 32,124

Style

MultiFamily

Lot Size

1.334

Year Built

1940

Town/City

Miami

County/Region

Miami-Dade

MLS | Web ID

A11470771
Features
General
Sewer PublicSewer
Possession CloseOfEscrow
Security Features Fenced
Construction Materials Block
Year Built 1940
Stories 2
Levels Two
Property SubType MultiFamily
County Miami-Dade County
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
City Miami
View Y/N N
Senior Community Y/N N
Zoning Description 4600
NumberOfUnitsTotal 25
MLS Area 32
Lot Size Units SquareFeet
Lot Size Square Feet 58125.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 85th St - Portfolio
Listing Terms Cash Conventional
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 32124.0
Home Warranty Y/N N
Ok to Lease Item36Months
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11470771
Days on Market 1
Structure Type MultiFamily Retail
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional MultiFamily
Legal Description BISC HGTS PB 2-78 LOT 31 LESS N10FT FOR ST LOT SIZE 41745 SQ FT OR 22987-2803/24636-626 0704 4
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Exterior
Parking Features Common OnStreet
Water Source Public
Lot Size Area 58125.0
Number of Buildings 9
Spa N
Building Area Total 18405.0
Lot Size Acres 1.334
Covered Spaces 0.0
Number of Separate Electric Meters 26
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 632
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* Excluded Features
List By
Global Investments Realty

Broker

joel@glirealty.com

Email

Affordability Calculator

$60,965
Per Month
96%
4%
0%
Monthly Principal & Interest
$58,288
Monthly Property Taxes
$2,677
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
292769 Elementary School
292996 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/17/2023$8,770,000 Listed Price

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632 NE 85th St - Portfolio, Miami, FL, 33138 is a Commercial Property for sale at $8,770,000 with 18,405 sqft and a lot size of 1.334. 632 NE 85th St - Portfolio is a studio with 0.0 baths and was built in 1940. The property's zip code is 33138 which is in Miami, FL

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