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Multifamily in Miami Beach, FL 33141Biscayne Beach, 7905 Crespi Blvd
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Closed
1,946
SqFtStatus
Sold - Jul 03, 2024
Size
1,946 SqFt (181 m2)
Price
$771/SqFt ($8,297/m2)
Type
Multifamily
Built
1947
MLS Number
A11579853
On Site
866 Days
Updated
18 Days ago
Page Views
0
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
Features
Bedrooms
Bathrooms
Exterior and Lot Features
- Exterior Features: Deck
Interior, Heating and Cooling
- Heating Description: Other
- Cooling Description: CeilingFans, WallWindowUnits
Building and Construction
- Floor Description: Tile
- Year Built: 1947
- Year Built Description: Effective Year Built
Waterfront and Water Access
- Waterfront Frontage: Yes
School Information
Other Property Info
- Listing Date: 2024-05-01T20:25:25.000-00:00
Taxes, Fees & More
- Taxes: 11046
Apples-to-Apples Comparables
Price History
Current
$1.5M
High
$1.6M
Low
$1.5M
Total Change
-6.2%Date
Event
Price
Change
Price Per
07/03/2024
Sold
$1.5M
-4.76%$771 ft2
$8,297 m2
05/30/2024
Price Reduced
$1.6M
-1.56%$809 ft2
$8,712 m2
05/01/2024
Listed
$1.6M
$822 ft2
$8,850 m2
07/03/2024
$1.5M
Event
Sold
Change
-4.76%Price Per
$771 ft2
$8,297 m2
05/30/2024
$1.6M
Event
Price Reduced
Change
-1.56%Price Per
$809 ft2
$8,712 m2
05/01/2024
$1.6M
Event
Listed
Price Per
$822 ft2
$8,850 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Cuindney Mantilla • Miami Residential Group • Buyer Agency Compensation .
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Scores
23
100
40
100
43
100
82
100
0
100
24
100
0
100
Community Snapshot
2 – 5 BR
Bedrooms
$699K – $12.9M
Price Tier
657 - 10,728
SqFt Range
1950
Year Build
2
Total Floors
491
Total Units
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