1060-1080 98th St - Apartments FOR SALE


Bay Harbor Islands, FL 33154
$25,000,000 USD
305-798-8205
1060-1080 98th St, Bay Harbor Islands, FL for Sale
$25,000,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

1060-1080 98th St
Bay Harbor Islands, FL 33154


HIGHLIGHTS

  • Perfect for a 1031 investor, medium-sized builder, or for an investment portfolio.

OVERVIEW

This unique assemblage is an opportunity for a developer and/or investor to acquire a prime Island Site in the heart of the Beach Miami area. Bay Harbor Islands is a well organized town with major improvements done and underway. The local market offers a stable economic drivers, with rental or first- time buyers in high demand. • Largest development site available for sale • Current rents without making any capital improvements can easily achieve close to 7% CAP Rate • Walking distance to public A-Rated elementary school, world-famous Bay Harbor shops, public transportation, house of worship and beaches.

FOR SALE DETAILS

PRICE

$25,000,000 USD

PRICE/SF

$1,572 USD /SF

# OF UNITS

30

PRICE/UNIT

$833,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,750 SF

ZONING

RM-2

APN/PARCEL ID

13-2227-020-0001,13-2227-020-0200

ASK ABOUT THIS PROPERTY

Allan KleerOne Sotheby's International RealtyMore Info
305-798-8205

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Allan KleerOne Sotheby's International RealtyMore Info
305-798-8205

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.