Fully updated and well-maintained 8-unit property on large 12,516 SF lot located in east Shorecrest - Unit breakdown: 2 2/1 units, 4 1/1 units, 2 studios; east of Biscayne Blvd, half a block to Bay & NE 79 St. Solid income/ solid return - $220,800 GOI, $173,260 NOI, 6% cap rate. Upside in rents, T-5-R zoning allows building up to 5 stories - invest now for a solid return, land bank for future development. Safe, convenient location & tenant-friendly property (9 parking spaces, outdoor spaces for tenants) property is 100% occupied. Building completed it's 40 Years Recertification in 2016. All door and windows impact.
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Data Provided by ATTOM Data Solutions
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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Data Provided by Walk Score®
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Data Provided by ATTOM Data Solutions
Arrows indicate 90 day trend
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