529 & 585 NW 88th St El Portal, FL $ 4,420,000
529 & 585 NW 88th St
$ 4,420,000
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529 & 585 NW 88th St

El Portal, FL, 33150
$ 4,420,000
Baths0.0 Sq 7,927

Monthly Estimate*

$ 29,377

529 & 585 NW 88th St, El Portal, FL 33150 - Image 1
529 & 585 NW 88th St, El Portal, FL 33150 - Image 2
529 & 585 NW 88th St, El Portal, FL 33150 - Image 3
529 & 585 NW 88th St, El Portal, FL 33150 - Image 4
529 & 585 NW 88th St, El Portal, FL 33150 - Image 5
529 & 585 NW 88th St, El Portal, FL 33150 - Image 6
529 & 585 NW 88th St, El Portal, FL 33150 - Image 7
529 & 585 NW 88th St, El Portal, FL 33150 - Image 8
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Studio

Commercial Property for sale in El Portal, FL

for $4,420,000. This 7,927 square foot building was built in 1940 on a lot size of 2.

Introducing a highly unique 2-acre Opportunity Zone portfolio in the El Portal neighborhood between Miami Shores and Little River. Parcel #1 at 529 NW 88 ST contains a cash-flowing, turn-key bungalow community of 12 units spread across 7 separate buildings and is 100% occupied. Private gate access, landscaped grounds, and central courtyard w/ BBQ area for tenants to enjoy. Parcel #2 at 585 NW 88 ST can essentially be seen as land where you can duplicate a similar duplex community of at least 8 units at relatively low-cost. There is a vacant single-family home currently on that lot which can be renovated and leased in the interim.

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Commercial Active

Price

$ 4,420,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 32,054

Style

MultiFamily

Lot Size

2

Year Built

1940

Town/City

El Portal

County/Region

Miami-Dade

MLS | Web ID

A11582852

Features
General
Year Built 1940
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 El Portal
View Y/N N
Senior Community Y/N N
Zoning Description 5100
NumberOfUnitsTotal 13
MLS Area 20
Lot Size Units SquareFeet
Lot Size Square Feet 43496.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 88th St
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 32054.0
Home Warranty Y/N N
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/A11582852
Days on Market 18
Structure Type MultiFamily
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional MultiFamily
Legal Description 1 53 41 1 AC PL OF HOME ACRES PB 39-22 LOT 11 BLK 2 LOT SIZE 139.410 X 312 OR 18069-0994 0697 4 COC 23179-1825 03 2005 2
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Exterior
Lot Size Area 43496.0
Spa N
Building Area Total 7927.0
Lot Size Acres 2.0
Covered Spaces 0.0
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 1 529
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* Excluded Features
List By
The Alpha Commercial Advisors Llc

Broker

jamie@thealphacomm.com

Email

Affordability Calculator

$32,048
Per Month
92%
8%
0%
Monthly Principal & Interest
$29,377
Monthly Property Taxes
$2,671
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
THE TIME TO SELL IS NOW!
Nearby
292769 Elementary School
292996 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/7/2024$4,420,000 Listed Price

Map


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529 & 585 NW 88th St, El Portal, FL, 33150 is a Commercial Property for sale at $4,420,000 with 7,927 sqft and a lot size of 2. 529 & 585 NW 88th St is a studio with 0.0 baths and was built in 1940. The property's zip code is 33150 which is in El Portal, FL