Waterfront Miami Beach development potential! Currently a duplex this 2-unit multi-family development offers waterfront views, a private dock with one fixed bridge access to the ocean. The neighborhood is undergoing redevelopment with many new high rise and retail buildings under construction nearby on the 79th causeway and $2 billion investment on nearby Ocean Terrace. Current rent roll below mar
Waterfront Miami Beach development potential! Currently a duplex this 2-unit multi-family development offers waterfront views, a private dock with one fixed bridge access to the ocean. The neighborhood is undergoing redevelopment with many new high rise and retail buildings under construction nearby on the 79th causeway and $2 billion investment on nearby Ocean Terrace. Current rent roll below market $7750. Buildable square footage max FAR 1.25, which allows 7,188 sq feet living and five stories high. There is city notice requiring the owner to permit and build a common area laundry which the seller says will cost $25,000 but seller says this is a buyer responsibility to build if they keep the structure, but $0 cost if they knock and build new. Seller will only accept full price offer.
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Property type
House
Year built
1956
Price/sqft
$596
Features
Waterfront
Water View
Terrace
Game Room
Duplex
Investment Property
Laundry Room
Outdoor Living Space
Air Conditioning
Features
Lot
Water View
Waterfront
Duplex
Investment Property
Indoor
Air Conditioning
Laundry Room
Game Room
Outdoor
Terrace
Balcony
Outdoor Living Space
Explore the Area
8221 Crespi Blvd , Miami Beach, FL 33141, Florida, United States
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