7905 Crespi Blvd Miami Beach, FL 33141
Amazing opportunity to own a waterfront duplex plus a studio in non-gated Biscayne Point. CAP Rate 3%. The lot is 5, 750 Sqft with the option to buy the fourplex next to it located at 7885 Crespi and combine the two lots for total of 11, 500 Sqft. You may renovate and increase the rents; or rebuild to increase the amount of units up to 15-22 combining 7885-7905 Crespi Blvd lots. The property consists of three units of 2 two bedrooms-two bathrooms and a studio in the back. Monthly income of $4, 095 with potential to increase to $6, 400. All the leases are month to month. This property already passed the 40 year inspection in 2019. 50% seller financing at 10% interest
- Property TypeMulti-Family
- NeighborhoodBiscayne Bch Sub
- CountyMiami-Dade
- Taxes$11,046
- HOA/Condo/Coop Fees$0
- Days on Site16 Days
- MLS StatusActive
- MLS ID NumberA11579853
- Home Size Source N/A
- Year Built1947
- Lot Size0 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Attached
- Parking Spaces 0
- Sewer Public Sewer
- Number of Stories 11
- Property Sub Type Duplex
- Zoning 3900
Interior Features
- Cooling Ceiling Fan(s)Wall/ Window Unit(s)
- Heating Other
- Flooring Tile
Exterior Features
- Waterfront Property Yes
- Waterfront Features Canal Front
- Lot Less Than 1/4 Acre Lot
- Patio And Porch Deck
Community Features
- MLS Area Biscayne Bch Sub