Miami Beach, FL 33141,7905 Crespi Blvd
Miami Beach, FL 33141,7905 Crespi Blvd
Miami Beach, FL 33141,7905 Crespi Blvd
Miami Beach, FL 33141,7905 Crespi Blvd
Miami Beach, FL 33141,7905 Crespi Blvd
Miami Beach, FL 33141,7905 Crespi Blvd
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$1,500,000

$1,575,000

4.8%
Est.Price: ?

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Est. payment /mo

1,946 SqFt


SOLD DATE : 07/03/2024

Key Details

Sold Price $1,500,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,946 sqft

Price per Sqft $770

Subdivision Biscayne Bch Sub

MLS Listing ID A11579853

Sold Date 07/03/24

Construction Status Effective Year Built

HOA Y/N No

Year Built 1947

Annual Tax Amount $11,046

Tax Year 2023

Contingent Other

Property Description

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. If you are financing there is no financial contingency

Location

State FL

County Miami-dade County

Community Biscayne Bch Sub

Area 32

Interior

Heating Other

Cooling Ceiling Fan(s), Wall/Window Unit(s)

Flooring Tile

Exterior

Exterior Feature Deck

Pool None

Utilities Available Cable Available

Waterfront Description Canal Front

Roof Type Barrel,Spanish Tile

Porch Deck

Building

Lot Description < 1/4 Acre

Story 1

Sewer Public Sewer

Level or Stories One

Structure Type Block

Construction Status Effective Year Built

Others

Tax ID 02-32-02-008-2380

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash

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Listed by Miami Residential Group
Bought with The Inside Network
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