1060-1080 98th St - Apartments FOR SALE


Bay Harbor Islands, FL 33154
$25,000,000 USD
305-785-8013
1060-1080 98th St, Bay Harbor Islands, FL for Sale
$25,000,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

1060-1080 98th St
Bay Harbor Islands, FL 33154


OVERVIEW

Premier Redevelopment Opportunity (Approx 33,750 SF). Zoned for multifamily, rental, condos or apartments. Across from the new recreational dog park. Currently three income-producing buildings & zoning allows for Multifamily / condo w/65ft height. Perfect for a 1031 investor, medium-sized builder, or for an investment portfolio. One-of-a-kind offering. Will not last! Total Units: 30 Number of Buildings: 3 Number of stories: 2 per building Year Built: 1956 Rentable Square Feet: 15,900 (Each unit is 530 Sq Ft x 30 total) Lot Size: 33,750 Parking spots: 33 (1/2 owned by Bay Harbor Island. $600/year in maintenance) Construction: Foundation - Concrete Framing - Brick Exterior - Stucco Parking Surface - Asphalt Roof - Flat 30 one-bedroom total units between 3 buildings (10 per). Each individual apartment is 530 Sq Ft.

FOR SALE DETAILS

PRICE

$25,000,000 USD

PRICE/SF

$1,572 USD /SF

# OF UNITS

30

PRICE/UNIT

$833,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

4700

APN/PARCEL ID

13-2227-020-0001

ASK ABOUT THIS PROPERTY

Fabian Garcia-DiazOne Sotheby's International RealtyMore Info
305-785-8013

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Fabian Garcia-DiazOne Sotheby's International RealtyMore Info
305-785-8013

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.