7885 Crespi Blvd, Miami Beach, FL 33141

$1,450,000
6
BD
4
BA
2,700
SqFt
List Price
$1,450,000
Price Change
▼ $45,000 1663295484
MLS#
A11221588
Subdivision
Biscayne Bch Sub
Status
ACTIVE
Type
Single Family Residential
Bedrooms
6
Full baths
4
Living Area
2,700

Property Description

Amazing opportunity to own a water front fourplex in Biscayne Point. The lot is 5,750 SQFT with the option to buy the duplex next door to it at 7905 Crespi and combine the two lots for a total of 11,500 Sqft. You may renovate and increase the rents; or rebuild to increase the number of units up to 15 combining 7885-7905 Crespi Blvd lots. The property consists of four units of two bedrooms - one bathroom and 2 units of one bedroom - one bathroom. Monthly income of $6,250 with potential to increse to $9,600. All the leases are month to month. This property already passed the 40 year recertification inspection in 2019

Additional Information

Days on Market
104
View
Canal
Waterfront Description
WF/Ocean Access, Canal Front, Canal Width 1-80 Feet
Tax Amount
$12,721
Water Access
Unrestricted Salt Water Access
Pool
Yes
Parcel Number
02-32-02-008-2390
Pool Description
Other
Bedroom Description
Other
Front Exposure
East
Lot Size
5,750
Exterior Features
Other
Parking Restrictions
None
Address
7885 Crespi Blvd, Miami Beach
SqFt Liv Area
2,700
Year Built
1948
Design
Detached, One Story
Development Name
Biscayne Bch Sub
Style
House
Restrictions
No Restrictions
Construction Type
CBS Construction
Interior Features
Other
Section
2

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of GSM International Realty Corp.