income producing multi-family for sale price $1,899,000 · willing to be flexible with closing for...
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The information contained here is subject to error, omissions, changes and withdrawals without notice. This is being provided without
warranty of any kind, either expressed or implied and does not constitute an offer to sell or lease
ATTENTION INVESTORS
Investment opportunity to capitalize on the transformation of the Upper East Side / MIMO neighborhood. Own this truly turn-key multi-family property in the heart of the Upper East Side.
Beautifully and completely renovated 10-unit apartment building with designer porcelain tile floors, granite counter-tops, new kitchen cabinets, crown molding and IMPACT WINDOWS. 10-unit apartment building consists of 8 one-bedroom units and and 2 two-bedroom units. Assigned parking
Willing to be flexible with closing for 1031 exchange buyers
spaces. Laundry on-site.
INCOME PRODUCING MULTI-FAMILY FOR SALE – Price $1,899,000
FOR SALE ▪ MULTI-FAMILY ▪ 521 NE 82 Terrace ▪ Miami ▪ FL 33138
The information contained here is subject to error, omissions, changes and withdrawals without notice. This is being provided without
warranty of any kind, either expressed or implied and does not constitute an offer to sell or lease
For more information contact: Harvey Cohen - 917-748-2122 - [email protected]
Strategically Located
Easy access to I-95 and a few blocks from 79th street, the major corridor to South Beach. 3.0 miles from Miami Design District, 7.1 miles from Downtown, 8.7 miles from South
Beach and 10.0 miles from MIA airport Amenities in the area include the Midpoint Shops (CVS, Subway, YouFit Gym, Family
Dollar, Sabor Tropical and Guarapo), Publix and Bank of America. Dining options nearby range from fast food to some of the highest rated sit-down restaurants.
Low Expense and Low Maintenance
Rent-roll - $131,000 Expenses - $ 24,600 NOI - $106,400
Surrounding Developments
A train station only 200 yards away is in the works via Tri-Rail/Brightline - area is TOD eligible (Transit-Oriented Development) which includes various bonuses such as 30 – 100% parking ratio reductions.
Upzoning to T - 6 - 8 (build up to 12 stories) could be possible, with 31, and potentially 62 apartments if re-developed.
Developments in progress in the surrounding area include: o The Triton Center Development (mixed-use with 139-room Hilton Garden Inn,
apartments and commercial space) o The Citadel (food-hall / culinary and design hub) o The Eden development (mixed-use with restaurant, retail and office space) o Magic City Innovation District