7110 Bonita Dr, Miami Beach, FL 33141 | MLS A10624860 | Listing Information | BHHS Florida Realty

7110 Bonita Dr,  Miami Beach, FL 33141

Status: Sold
MLS#: A10624860
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Last Updated: 10/16/2019 6:50 AM
Description for 7110 Bonita Dr Miami Beach, FL 33141
In the heart of North Beach's Town Center, this 10-unit multifamily waterfront property offers investors, immediate and long-term potential. The 2-story waterfront building is fully leased, includes parking, and has the potential for value add investing or a mixed-use redevelopment project. New zoning allows mixed uses such as residential, office, hotel, retail. 120 foot height limits and reduced parking requirements. with its TC-1 zoning. 10 one-bedroom units 4 units have been remodeled Below market rents can be raised Proforma with ove 7.5% returns In-place income More than 25,000 SF of Development Potential Value-add Opportunity Walker's Paradise (94 Walkscore)
Price
Sold Price:
$2,250,000
Sold Date:05/02/2019
Normandy Beach South
Miami-Dade County
A10624860
Closed
Description
In the heart of North Beach's Town Center, this 10-unit multifamily waterfront property offers investors, immediate and long-term potential. The 2-story waterfront building is fully leased, includes parking, and has the potential for value add investing or a mixed-use redevelopment project. New zoning allows mixed uses such as residential, office, hotel, retail. 120 foot height limits and reduced parking requirements. with its TC-1 zoning. 10 one-bedroom units 4 units have been remodeled Below market rents can be raised Proforma with ove 7.5% returns In-place income More than 25,000 SF of Development Potential Value-add Opportunity Walker's Paradise (94 Walkscore)
Listing Information
Property Type: Land
0.26 Acres
Normandy Beach South
Public Water Service
Public Sewer, Sewer Available
Electric service available
Neighborhood
Room Information
Exterior / Lot Features
Canal Access, Ocean Access, State Road
Driving Directions
I-95 or US-1 to 79th Street and east towards beaches. From A1A, East on 71st Street
Financial Considerations
02-32-11-002-0040
$32,001
2018
Market Trends and Price History
Listing Price History

Miami Beach Real Estate

Miami Beach is located in Florida. Miami Beach, Florida 33141 has a population of 89,692.

The median household income in Miami Beach, Florida 33141 is $41,994. The median household income for the surrounding county is $43,190 compared to the national median of $49,877. The median age of people living in Miami Beach 33141 is 40 years.

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This content last refreshed on 10/16/2019 6:50 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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