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7905 Crespi Blvd, Miami Beach, FL 33141
$1,600,000
7905 Crespi Blvd, Miami Beach, FL 33141View this property at 7905 Crespi Blvd, Miami Beach, FL 33141
7905 Crespi BlvdMiami BeachFL33141
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Property Description
Amazing opportunity to own a waterfront duplex plus a studio in non-gated Biscayne Point. CAP Rate 3%. The lot is 5,750 Sqft with the option to buy the fourplex next to it located at 7885 Crespi and combine the two lots for total of 11,500 Sqft. You may renovate and increase the rents; or rebuild to increase the amount of units up to 15-22 combining 7885-7905 Crespi Blvd lots. The property consists of three units of 2 two bedrooms-two bathrooms and a studio in the back. Monthly income of $4,095 with potential to increase to $6,400. All the leases are month to month. This property already passed the 40 year inspection in 2019. 50% seller financing at 10% interest
Full Property Details
Full Property Details for 7905 Crespi Blvd
General
- Price: $1,600,000
- Taxes: $11,046 (2023)
- Status: Active
- Type: Duplex
- MLS ID: A11579853
- Updated: 5/14/2024
- Added to Site: 16 day(s) ago
Rental Information
- Rent Includes: Gardener, Sewer, Trash Collection, Water
Interior
- Flooring: Tile
Exterior
- Deck/Patio: Deck
Location
- Area: Biscayne Bch Sub
- County: Miami-Dade County
- Subdivision: BISCAYNE BCH SUB
- Building Name: BISCAYNE BCH SUB
Community
- Community Name: Biscayne Bch Sub
- Units Assoc/Comm: 3
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), Wall/Window Unit(s)
- Heating Type: Other
Utilities
- Sewer: Public Sewer
Structural Information
- Architectural Style: Attached
- Structure Type: Duplex
- Detached/Attached: Detached
- Construction: CBS Construction
- Roof: Barrel Roof, Curved/S-Tile Roof
- Stories/Levels: 1
- Building Size: 1970
- Square Feet: 1,946
- Living Area: 1,946 Sq. Ft.
- Year Built: 1947
Unit Information
- Units in Complex: 3
Lot Features
- Frontage Feet: 50
- Lot Features: Less Than 1/4 Acre Lot
- Zoning: 3900
Water Features
- Water Front: Yes
- Water Front Desc.: Canal Front
Financial Considerations
- Price Per Sq. Ft.: $822.2
- Operating Expenses: $20,069
- Tax Amount: $11,046
- Tax Year: 2023
- Terms: All Cash, Conventional
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Documents Avail.: Investment Analysis, Copy Of Lease(S), Rent Rolls
- Legal Description: BISCAYNE BEACH SUB PB 44-67 LOT 24 BLK 10 LOT SIZE 50.000 X 115 OR 18799-1693 09 1999 1 COC 24117-4060 12 2005 6
- Inclusions: Unrestricted Salt Water Access
- Property ID: 02-32-02-008-2380
Listed by Miami Residential Group
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Schools
Schools serving 7905 Crespi Blvd
School District:Miami-Dade County School District
Rating | Name | Grades | Distance |
---|---|---|---|
800 77th St, Miami Beach, FL 33141 | PK-5 | 0.2 mi | |
12829 Sw 272nd St, Homestead, FL 33032 | PK-8 | 29.4 mi | |
4301 N Michigan Ave, Miami Beach, FL 33140 | 6-8 | 3.4 mi | |
2231 Prairie Ave, Miami Beach, FL 33139 | 9-12 | 4.5 mi | |
Robert Morgan Educational Center and Technical College
18180 Sw 122 Avenue, Miami, FL 33177 | 9-12 | 24.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7905 Crespi Blvd
Date
Details
Price
Change
Source
5/01/2024
Listed
$1,600,000
595.65%
MLS
8/01/2011
Sold
$230,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7905 Crespi Blvd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$11,046
15%
$584,554
18%
2021
$9,590
-9%
$496,685
-15%
2022
$10,523
10%
$585,431
17%
2021
$9,590
1%
$500,591
4%
2019
$9,455
11%
$480,496
11%
2018
$8,540
4%
$431,489
-13%
2017
$8,187
3%
$494,732
39%
2016
$7,952
24%
$356,603
10%
2015
$6,423
38%
$324,185
92%
2014
$4,665
50%
$168,670
10%
2013
$3,118
—
$153,337
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7905 Crespi Blvd
7905 Crespi Blvd, Miami Beach, FL 33141 (MLS# A11579853) is a Duplex property with 0 bedrooms and 0 full bathrooms. 7905 Crespi Blvd is currently listed for $1,600,000 and was received on May 01, 2024. Want to learn more about 7905 Crespi Blvd? Do you have questions about finding other Duplex real estate for sale in Miami Beach? You can browse all Miami Beach real estate or contact a Coldwell Banker agent to request more information.