1101 NE 80th St - Apartments FOR SALE


Miami, FL 33138- Upper East Side North
$8,250,000 USD
845-304-5148
1101 NE 80th St, Miami, FL for Sale
$8,250,000 USD
Apartments - FOR SALE
1/21
null | 4.35% Cap Rate

1101 NE 80th St
Miami, FL 33138
Upper East Side North


HIGHLIGHTS

  • Rare Opportunity To Acquire A 3-Story, Gut-Renovated, Turnkey Asset In The Exceptional Upper East Side Neighborhood Of Miami
  • Building Has Gone Through Extensive Capital Expenditures Including Concrete Restoration, Structural Improvements, And Foundational Work
  • Exterior Improvements Include Hurricane-Impact Windows & Doors, New Roof With Insulation, Seamless Gutters, PVC Plumbing Throughout
  • Interior Improvements Include New Laminate Flooring, Electric Panels & Wiring, Modern Kitchens & Bathrooms w/ New Stainless Steel Appliances, Cabinet
  • Highly Desirable Unit Mix With Spacious Units, Laundry In-Unit, And Balconies On The 2nd & 3rd Floors
  • Prime Location East Of Biscayne Blvd (US-1) And Bayshore Dr Ensuring Tenants A Quality Lifestyle With Close Proximity To The Water

OVERVIEW

Enjoy easy access to the bustling Miami Design District, offering luxury retail and culinary experiences. The neighborhood's blend of natural beauty, unique attractions, and a growing community creates a compelling investment opportunity. With its proximity to notable points of interest and a thriving urban landscape, the area surrounding Waterside Apartments sets the stage for a prosperous Multifamily/Low-Rise/Garden investment venture. Waterside Apartments offers a prime location within this dynamic community, providing an inviting canvas for Multifamily investment. With its desirable amenities and proximity to the vibrant heart of Miami's Upper East Side, this property presents an exceptional opportunity for investors seeking to capitalize on the area's growth and potential.

FOR SALE DETAILS

PRICE

$8,250,000 USD

PRICE/SF

$408 USD /SF

# OF UNITS

24

PRICE/UNIT

$343,750

CAP RATE

4.35%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Waterside Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,004 SF

ZONING

4600

APN/PARCEL ID

01-3208-011-0150

ASK ABOUT THIS PROPERTY

Daniel DratchFranklin StreetMore Info
845-304-5148

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Daniel DratchFranklin StreetMore Info
845-304-5148

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