Active · Residential
$2,500,000
710 NW 81st Street, Miami, FL 33150
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- —
- Lot size
- 21,756 sq ft
- HOA fee
- —
- Annual tax
- $2,884
About this property
This offering consists of three contiguous lots on NW 81st Street, totaling approximately 0.50 acres or around 21,756 square feet. The lots abut NW 81st directly to their North border. This promoted the potential for ground-floor retail as a possible benefit to its residential vertical residential development. The lots benefit from favorable UC-MM 6164 - UC CENTER - MAIN STREET (MM) 12 MAX HT, which prompted the current owner to design a 40-unit, five-story residential project. However, more units are feasible with today's implementation of SB 102 The Live Local Act.
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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$1,175
- Cap rate
- 5.1%
- Net yield
- 5.1%
- Cash-on-cash return
- -2.0%
- Gross yield
- 6.6%
- Mortgage payment
- $11,851/mo
- Down payment
- $625,000
- Loan amount
- $1,875,000
- Annual NOI
- $128,116
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.