Income
Crespi Apartments
640-650 85th Street &
725-735-755-785 84th Street
Miami Beach, FL 33141
Lot size: 56,683
Zoning: RM-1 Multi family
Allowable living area: 27,221
Price: $5,600,000
7 Lots, 7 buildings, 4 units each building,
3 bedrooms each unit.
Current NOI of $337,000 a year. The upside potential here is huge as these lots are all underdeveloped according to current zoning. Zoned RM-1 Multifamily low density with potential to more real estate or leave it as is and make a 6% Cap rate.
74th & Harding Apartments
7451 Harding Avenue
Miami Beach, FL 33141
Living area: 9,154
Zoning: CM-1 being used as Multi family
Lot size: 7,000
Sale Price: $3,349,500
Closing Date: March 2015