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Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,946 sqft
Price per Sqft $770
Subdivision Biscayne Bch Sub
MLS Listing ID A11579853
Sold Date 07/03/24
Construction Status Effective Year Built
HOA Y/N No
Year Built 1947
Annual Tax Amount $11,046
Tax Year 2023
Contingent Other
Property Description
Amazing opportunity to own a waterfront duplex plus a studio in non-gated Biscayne Point. CAP Rate 3%. The lot is 5,750 Sqft with the option to buy the fourplex next to it located at 7885 Crespi and combine the two lots for total of 11,500 Sqft. You may renovate and increase the rents; or rebuild to increase the amount of units up to 15-22 combining 7885-7905 Crespi Blvd lots. The property consists of three units of 2 two bedrooms-two bathrooms and a studio in the back. Monthly income of $4,095 with potential to increase to $6,400. All the leases are month to month. This property already passed the 40 year inspection in 2019. 50% seller financing at 10% interest. If you are financing there is no financial contingency
Location
State FL
County Miami-dade County
Community Biscayne Bch Sub
Area 32
Interior
Heating Other
Cooling Ceiling Fan(s), Wall/Window Unit(s)
Flooring Tile
Exterior
Exterior Feature Deck
Pool None
Utilities Available Cable Available
Waterfront Yes
Waterfront Description Canal Front
Roof Type Barrel,Spanish Tile
Porch Deck
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Level or Stories One
Structure Type Block
Construction Status Effective Year Built
Others
Tax ID 02-32-02-008-2380
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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