Current Use by Public Records
- Apartment buildings
Property Details for 800 85Th St
- Year built
- 1961
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional four-unit apartment building presents a compelling investment opportunity in Miami's desirable Upper East Side neighborhood. Located just one block east of Biscayne Boulevard, at 800 NE 85th Street, this 1961-built, single-story property offers significant upside potential. The building comprises four legal units: one two-bedroom, one-bathroom unit and three one-bedroom, one-bathroom units. Each unit features a living room, dining room, and walk-in closet. One of the two-bedroom units includes a convenient side entrance/exit. Currently, two units are vacant, providing the new owner flexibility to determine short-term or long-term rental strategies. The property's zoning (check Miami-Dade tax records for details – zoned 4600 Multi-family 5+ stories) allows for substantial future development, including the possibility of adding multiple stories. The asking price is $1,200,000. The existing building's value is enhanced by the potential for significant expansion. There's even room on the south end of the property for a swimming pool, adding further value and appeal. This is a rare chance to acquire a property with immediate income potential and substantial long-term growth prospects in a prime Miami location. The flexible floor plans and the potential for vertical expansion make this a truly unique investment opportunity.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1805
- Latitude
- 25.8536
