800 NE 85th St, Miami, FL 33138 — MLS photo

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800 NE 85th St, Miami, FL 33138

Active · Quadruplex

$1,500,000

800 NE 85th St, Miami, FL 33138

Beds
—
Baths
0
Living area
2,358 sq ft
$ / sq ft
$636/sq ft
Year built
1961
Lot size
—
HOA fee
—
Annual tax
$13,851

About this property

Buy an opportunity for FUTURE GROWTH! LOOK AT ZONING on Miami-Dade tax records! Primary Zoned 4600 Multi-family 5+stories!!! Current used as four-unit building in desirable Upper East Side neighborhood, just 1 blk east of Bisc Blvd. This building offers flexible floor plan, with ONE 2-bed/1-bath unit and THREE 1-bedroom/1-bathroom units, each with living room/dining room + walk-in closet and two full bedrooms - one with side exit/entrance. Currently two units are vacant, we are giving the opportunity to the new buyer to decide if they would prefer these property as a short time rental or long time rental period. All four units are LEGAL! There is room on south end of property for swimming pool. Property is valued based on current use PLUS building multiple stories. Great because of zone!

Property location

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800 NE 85th St, Miami, FL 33138

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Facts & features

Interior

Bathrooms
0
Living area
2,358 sq ft
Flooring
Ceramic Tile
Cooling
Central Air
Heating
None

Exterior & Structure

Property type
Quadruplex
Year built
1961
Architectural style
Fourplex
Roof
Shingle
Construction
Block
Exterior features
Barbecue, Fence, Lighting, Room For Pool
Pool
None

Parking

Covered spaces
0

HOA, Community & Financials

Association fee
$0
Annual tax
$13,851
Subdivision
Upper East side BISC HEIGHTS
County
Miami-Dade
Days on market
657
MLS listing ID
A11648020
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$1,608

Cap rate
4.4%
Net yield
4.4%
Cash-on-cash return
-4.6%
Gross yield
6.7%
Mortgage payment
$7,111/mo
Down payment
$375,000
Loan amount
$1,125,000
Annual NOI
$66,034

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.