USD 9,500,000

7927-7931 East Dr
North Bay Village, Florida 33141

For Sale

Property 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 & lush greenery, & amazing potential for future development. All units feature upgraded interiors that include wood cabinetry, granite countertops, SS appliances, & 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 and assumable. Unit mix: 32 2BDs, 10 1BDs, 2 3BDs.

Listed by Urban Resource LLC

Property Details

ID #
A10877393
Status
Sale
Type
Commercial, Industrial, Income/Multi-Family 5+
Zip Code
33141
Building Area
17,617ft2
Lot Area
44,431ft2
Year Built
1961
Building Feature
Air Conditioning
Ground Feature
Fenced, Waterfront
Water Source
City/mains water
Septic
City sewer
Construction
CBS Construction
Electric Service
Separate Meters
Floor
Tile Floors, Wood Floors
Heating
Wall/Window Units
Lease Term
Annual Lease
Location
City Location
Occupancy
Tenant Occupied
Parking
Street Parking
Road Type
Two Lane
Roof
Built-Up Roof
Type of Building
Apartments, Residential-Multi-Family
Utilities
Internet
Water Front
No Fixed Bridges, Seawall
Zoning Information
4000
Miscellaneous
Balconies, Exterior Lighting, Laundry Facilities, Pool

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