Land in Miami, FL 33138
Biscayne Heights, 632 NE 85th St

Own in Biscayne Heights?

Overview Features True Comps Price History Payment Location Similar Homes

Own in Biscayne Heights?

OFF MARKET

$12,250,000

Estimate Payment $64,620 Closing Costs

Beds

1.34

Acre

$9,141,791

$/Acre

1.34 AcresLot Size

$9,141,791/AcrePrice per acre

632 NE 85th St + 8411 Biscayne Blvd. 3 Folios totaling 58,125 SF of land. 25 residential units & 1 retail space in place, NOI $182,468 currently in place. Rents from $875 to $1,550/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.

Listing Courtesy Of: Global Investments Realty

Local Realty Services Provided By: Best of Luxury Realty

On Site: 1413 DaysUpdated: 1355 Days agoPage Views: 0

All features

Current Use: Other
Property SqFt: 58125
Remarks: 632 NE 85th St + 8411 Biscayne Blvd. 3 Folios totaling 58, 125 SF of land. 25 residential units & 1 retail space in place, NOI $182, 468 currently in place. Rents from $875 to $1, 550/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.
Internet Remarks: 632 NE 85th St + 8411 Biscayne Blvd. 3 Folios totaling 58, 125 SF of land. 25 residential units & 1 retail space in place, NOI $182, 468 currently in place. Rents from $875 to $1, 550/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.
Waterfront: No info
Days on Market: 57
Compass Point: NE
Office Name: Global Investments Realty
Area: 58125
Taxes: 32124
Tax Year: 2021
Listing Date: 2022-12-14T11:40:06.787-00:00
Lot Size Square Feet: 58125