Commercial Industrial – 7927 EAST DR, North Bay Village -001-11-30T00:00:00-05:00
Amazing opportunity to purchase a waterfront property sitting on over an acre of land w / 44 units below appraised value! With 320 linear feet of bayfront property, this community features waterfront pool and sun deck, breathtaking views of sun-drenched skie

7927 EAST DR, North Bay Village

$10,980,000 USD
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Address7927 EAST DR, North Bay Village
Type of BusinessApartments, Residential-Multi-Family
Business LocationCity Location
Property StyleIncome Waterfront
Price$10,980,000
Property StatusActive
MLS NumberA10992584
Property Size44800
Lot Size44800
Year Built1961
Folio Number23-32-09-001-0290
Net Operating Income$530,662
Zoning Information4000
Days on Market71

Detailed Description: Amazing opportunity to purchase a waterfront property sitting on over an acre of land w / 44 units below appraised value! With 320 linear feet of bayfront property, this community features waterfront pool and sun deck, breathtaking views of sun-drenched skies and lush greenery, and amazing potential for future development. All units feature upgraded interiors that include wood cabinetry, granite countertops, SS appliances, and modern baths. All waterfront units feature spacious balconies w / sliding glass doors. Roofs replaced in 2018. Surrounded by new luxurious apartment buildings, this property provides an idyllic setting at an affordable price for residents – ensuring stable tenancy for the property owner. Favorable financing terms in place for buyer to assume. Unit mix: 32 2BDs, 10 1BDs, 2 3BDs

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Address Information
StateFlorida
CityNorth Bay Village
CountyMiami-Dade County
Zip Code33141
Address7927 EAST DR
Business LocationCity Location
Section9
Zip Code (4 Digits)3338
Financial Information
Price$10,980,000
Price per Foot$0
Folio Number23-32-09-001-0290
Net Operating Income$530,662
Tax Amount$57,976
Possession InformationFunding
Full Descriptions
Detailed DescriptionAmazing opportunity to purchase a waterfront property sitting on over an acre of land w / 44 units below appraised value! With 320 linear feet of bayfront property, this community features waterfront pool and sun deck, breathtaking views of sun-drenched skies and lush greenery, and amazing potential for future development. All units feature upgraded interiors that include wood cabinetry, granite countertops, SS appliances, and modern baths. All waterfront units feature spacious balconies w / sliding glass doors. Roofs replaced in 2018. Surrounded by new luxurious apartment buildings, this property provides an idyllic setting at an affordable price for residents – ensuring stable tenancy for the property owner. Favorable financing terms in place for buyer to assume. Unit mix: 32 2BDs, 10 1BDs, 2 3BDs
Year Built DescriptionResale
How to ReachFrom 79th St in Miami mainland, head east to Biscayne Bay, Turn Left into Harbor Island, and turn right onto East Dr. property on right.
Waterfront DescriptionNo Fixed Bridges, Seawall
Roof DescriptionBuilt-Up, Other
Floor DescriptionTile, Wood
Cooling DescriptionWall / Window Unit (s)
Heating DescriptionWall / Window Units
Water DescriptionPublic
Sewer DescriptionPublic Sanitation
Parking DescriptionOn Street
Property parameters
Living Area44800
Lot Size44800
Total Acreage1.020
Zoning Information4000
Maximum Leasable Size44800
Year Built1961
Type of BusinessApartments, Residential-Multi-Family
StyleIncome Waterfront
Construction TypeCBS Construction,Other
Stories Number2
Listed withUrban Resource LLC
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