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47 80Th Ter Miami, FL 33138

Sponsored
For Sale
$1,150,000

Prime Miami location, high-yield multifamily.

Property size:
1,873 SF

Description

Added:
Dec 11, 2024
Days on Market:
411
This exceptional multifamily property, located at 47 NE 80th Ter, Miami, FL 33138, presents a compelling investment opportunity. Priced at $1,150,000, this 1,873 square foot building sits on an 8,300 square foot lot and boasts a cap rate exceeding 3%. Constructed in 1948, the property currently comprises one one-bedroom apartment and four studio apartments, all currently rented under Section 8 housing, ensuring a stable income stream. The T5-0 zoning allows for the potential development of up to twelve units, presenting significant upside for future expansion and increased profitability. Its strategic location in Miami offers convenient access to the Design District, major expressways, pristine beaches, and airports, making it highly attractive to both residents and investors. This property is an ideal choice for those seeking a strong return on investment in a thriving Miami neighborhood. The property's current configuration and zoning potential combine to offer a rare blend of immediate income generation and long-term growth prospects. Don't miss this chance to acquire a valuable asset in a highly desirable area.

Property Features for 47 80Th Ter

General Information

Property type
Multifamily properties
Square Feet
1,873 SF

Building Details

Year Built
1948

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Listing Contact
Sheree Saint Victor

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Property Insight Report

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Miami
County
Miami-Dade
State
Florida
Longitude
-80.1959849
Latitude
25.8488264

FAQs

What type of property is this?
Multifamily property - Prime Miami location, high-yield multifamily.
Where is this multifamily property located?
The property is located at 47 80Th Ter Miami, FL.
What is the asking price?
The asking price for this property is $1,150,000.
More about this property
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