7110 Bonita Drive Sold
Property Details
| Sold Price | $2,250,000 |
|---|---|
| Last Asking Price | $2,500,000 |
| Price per SqFt | — |
| Property Taxes | $32,001 2018 |
| Interior Space | — |
| Beds/Baths | —/— |
| Lot Size | 11,200 SqFt · 0.26 acres |
| Closed Date | 5/2/2019 |
| MLS # | A10624860 |
Location
From the listing
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 units4 units have been remodeledBelow market rents can be raisedProforma with ove 7.5% returnsIn-place incomeMore than 25,000 SF of Development PotentialValue-add OpportunityWalker's Paradise (94 Walkscore)
Listed by TIR Prime Properties Corp.
What It Costs to Own
Monthly, before a mortgage and insurance
Taxes $32,001 for 2018. MLS figures, which may not be accurate.
Sales History for This Home · 7110 Bonita Drive, Miami Beach, FL 33141
Sales history is unavailable for this property
Listed by TIR Prime Properties Corp.. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami Beach and throughout South Florida.
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7110 Bonita Drive, Miami Beach · MLS A10624860 · Sold May 2019
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The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.