Multifamily Investment
For Sale
$875,000
Pending
47 NE 80th Ter, Miami, FL 33138
Income-producing multifamily property in a sought-after neighborhood.
Property SizeContact for details
Lot Size8,300.00 Acres
Days on Market687
Property Features for 47 NE 80th Ter
General Information
Standard status
Pending
Lot size
8,300.00 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$9,027
Building Details
Year Built
1948
Listing Agency:
COMPASS FLORIDA, LLC
Listed By:
SHEREE SAINT VICTOR · License #A11828527
(754) 971-7771
Source:
Corcoran
Added: Dec 3, 2024
Changed: Oct 1
Last Checked: Oct 20 at 8:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COMPASS FLORIDA, LLC
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Investment Insights
Based on property information with market context.
This multifamily property presents an investment opportunity in a desirable neighborhood. The property, situated on an 8,300 square foot lot, is zoned T5-0, which allows for the development of up to 12 units. The existing structure includes 1 one-bedroom apartment and 4 studio apartments. All units are currently rented through Section 8, providing a consistent income stream. The property's central location provides convenient access to the Design District and major expressways. It is also located near beaches and airports.
Key Highlights
- Income‑producing multi‑family investment with a cap rate over 3%.
- Zoned T5‑0, allowing for up to 12 units on an 8,300 sq ft lot.
- All units currently rented through Section 8, providing a steady income stream.
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,827
Businesses Nearby
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Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Income-producing multifamily property in a sought-after neighborhood.
Where is this multifamily property located?
The property is located at 47 NE 80th Ter Miami, FL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Income‑producing multi‑family investment with a cap rate over 3%.; Zoned T5‑0, allowing for up to 12 units on an 8,300 sq ft lot.; All units currently rented through Section 8, providing a steady income stream.
