1125 NE 80th Street

Description:

Luxury Live Auction! Bidding to start from $1,950,000.00! Turnkey Multifamily 8 unit apartment building with 9 Parking Spaces on a 12,516 Sq Ft. Lot half a block to Biscayne Bay being sold via Auction as a Portfolio with an additional 12 Unit Building (Parcel # 01-41-10-064-0480). In Miami's Upper East Side neighborhood of Shorecrest, 1125 NE 80th St is an 8-unit property that has been fully upgraded and individually metered for efficiency. Renovated in 2023, the building features a landscaped courtyard, on-site laundry facility and 9 Parking Spaces. Its T-5-R zoning offers valuable long-term development potential to optionally Re-Develop a Boutique 5 Story Hotel, Condo or Multifamily overlooking Biscayne Bay or Long Term hold with increasing Rents. Also nearby include waterfronts, parks, boutiques, restaurants, and key commuter routes with a short drive to I-95. With full occupancy and strong tenant retention, this property combines dependable cash flow with future growth potential in one of Miami's most dynamic submarkets. Prime location East of Biscayne Boulevard and half a block to Biscayne Bay, places it West of North Bay Village, North Beach & Nearby Surfside, 20 Min Drive to the Beach and positioned North West of Miami Beach/South Beach.

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Listing ID: 20251009180534518237000000