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688 NE 85th St PORTFOLIO Miami, FL $ 14,325,000
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$ 14,325,000 Get more info
688 NE 85th St PORTFOLIO
$ 14,325,000
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688 NE 85th St PORTFOLIO

Miami, FL, 33138
$ 14,325,000
Baths0.0 Sq 26,284

Monthly Estimate*

$ 100,064

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Studio

Commercial Property for sale in Miami, FL

for $14,325,000. This 26,284 square foot building was built in 1952 on a lot size of 2.125.

Lot Size: 92,579 SF, 4 Adjacent Lots Blocks, and 9 buildings. Zoning: T5-R, Buildable Units: 138. There are 52 residential units in-place with NOI of $372,334. Rents from $950 to $1,950/mo. with space to increase. The layout includes studios (20 units); 1/1 (29 units), 2/1 (2 units), and 2/2 (1 unit).

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Commercial Active

Price

$ 14,325,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 40,569

Style

MultiFamily

Lot Size

2.125

Year Built

1952

Town/City

Miami

County/Region

Miami-Dade

MLS | Web ID

A11470858
Features
General
Sewer PublicSewer
Possession CloseOfEscrow
Security Features Fenced
Year Built 1952
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 Miami
Buyer Agent Compensation 2%
View Y/N N
Senior Community Y/N N
Zoning Description 4600
MLS Area 32
Lot Size Square Feet 92579.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 85th St PORTFOLIO
Listing Terms Cash Conventional
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 40569.0
Home Warranty Y/N N
Ok to Lease Item36Months
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/A11470858
Days on Market 2
Structure Type Apartment MultiFamily
Standard Status Active
Occupancy Description Tenant
Property Sub Type Additional MultiFamily
Legal Description 6-7-8 53 42 .83 AC BISCAYNE HGTS PB 2-78 W60FT OF LOT 49 & E90FT OF LOT 50 LESS N10FT LOT SIZE 35100 SQUARE FEET OR 13528-3258 1287 1 COC 22
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Exterior
Parking Features Assigned Common OnStreet
Water Source Public
Lot Size Area 92579.0
Spa N
Building Area Total 26284.0
Lot Size Acres 2.125
Lot Size Units SquareFeet
Covered Spaces 0.0
Number of Separate Electric Meters 52
Road Frontage Type CityStreet
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 1 688
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* Excluded Features
List By
Global Investments Realty

Broker

joel@glirealty.com

Email

Affordability Calculator

$103,445
Per Month
97%
3%
0%
Monthly Principal & Interest
$100,064
Monthly Property Taxes
$3,381
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% 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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Nearby
292769 Elementary School
292996 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/17/2023$14,325,000 Listed Price

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688 NE 85th St PORTFOLIO, Miami, FL, 33138 is a Commercial Property for sale at $14,325,000 with 26,284 sqft and a lot size of 2.125. 688 NE 85th St PORTFOLIO is a studio with 0.0 baths and was built in 1952. The property's zip code is 33138 which is in Miami, FL

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