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Residential Income
$1,600,000
7905 Crespi Blvd Miami Beach, FL

A11579853

281 of 413 for Sale
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an agent
  • Listed On:

    May 2, 2024
  • Days on Market:

    17
  • Year:

  • Taxes:

    $11,046 per year
  • Floor Description:

    Tile
  • Occupancy:

  • Zoning:

  • Parking:

7905 Crespi Blvd Miami Beach, FL 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.

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For Sale Details

  • Floor Description

    Tile

  • Heating Description

    Other

  • Net Operating Income

    55531

  • Photo Count

    14

  • Property Type

    Residential Income

  • Terms Considered

    All Cash, Conventional

  • Year Built

    1947

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