529 Northwest 88th Street

Miami, FL 33150

$4,420,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Introducing a highly unique 2-acre Opportunity Zone portfolio in the El Portal neighborhood between Miami Shores and Little River. Parcel #1 at 529 NW 88 ST contains a cash-flowing, turn-key bungalow community of 12 units spread across 7 separate buildings and is 100% occupied. Private gate access, landscaped grounds, and central courtyard w/ BBQ area for tenants to enjoy. Parcel #2 at 585 NW 88 ST can essentially be seen as land where you can duplicate a similar duplex community of at least 8 units...Introducing a highly unique 2-acre Opportunity Zone portfolio in the El Portal neighborhood between Miami Shores and Little River. Parcel #1 at 529 NW 88 ST contains a cash-flowing, turn-key bungalow community of 12 units spread across 7 separate buildings and is 100% occupied. Private gate access, landscaped grounds, and central courtyard w/ BBQ area for tenants to enjoy. Parcel #2 at 585 NW 88 ST can essentially be seen as land where you can duplicate a similar duplex community of at least 8 units at relatively low-cost. There is a vacant single-family home currently on that lot which can be renovated and leased in the interim.
  1. Listed by Jamie Maniscalco • The Alpha Commercial Advisors LLC
  2. Listed by Steffanie Jacobson • The Alpha Commercial Advisors LLC

Property Details for 529 Northwest 88th Street

Waterfront
No
Area
20
Auction
No

Location

Listing Courtesy of The Alpha Commercial Advisors LLC
Add your commute
LISTING UPDATED: 05/07/2024 04:00 PM

Property Details for 529 Northwest 88th Street

StatusActive
MLS #A11582852
Days on Market32
Taxes$32,054 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi Family
Year Built1940
Lot Size1.00 AC / 43,496 SF
CountyMiami-Dade County

Location

Listing Courtesy of The Alpha Commercial Advisors LLC
Add your commute

Building Information for 529 Northwest 88th Street

Stories-Residences-Year Built1940Building Size-Lot Size1.00 AC / 43,496 SF

Payment Calculator

$26,793 per month

30 year fixed, 7.25% Interest

Principal and Interest

$24,122

Property Taxes

$2,671

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 529 Northwest 88th Street

Location Information
Location Information
  • Parcel Number Free Text: 30-31-01-002-0300
  • Parcel Number MLX: 0300
  • MLS Area: 20
  • Municipal Code: 30
  • Township Range: 31
  • Subdivision Number: 2
  • Unit Count: 0
  • Zoning Information: 5100
General Information
General Information
  • Prop Type-Type of Building: Residential-Multi-Family
  • Building Sq Ft: 7,927
Additional Property Information
Additional Property Information
  • Guest Accommodations: No
  • Num Units: 13
Financial Information
Financial Information
  • Total Mortgage: $2,186,000
  • Flood Zone: AH,X

Property History for 529 Northwest 88th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 529 Northwest 88th Street

Taxable ValueLand$695,448Additions$974,552Total$1,670,000
Tax Record2023$32,054 ($2,671 / month)
Home Facts
Total Finished SqFt1,284 SqFtAbove Grade Finished SqFt1,284 SqFtStories1Lot Size43,496 SqFtStyleMulti-Family Dwelling (2-4)Year Built1940Zoning5100:BUNGALOWCountyMIAMI-DADEAPN30-3101-002-0300

Schools near 529 Northwest 88th Street

This home is within Miami-Dade.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Hubert O. Sibley K-8 Center
PublicPK to 8

Horace Mann Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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529 Northwest 88th Street is a multi-family home for sale in Miami, FL 33150. This property was listed for sale on April 19, 2024 by The Alpha Commercial Advisors LLC, it's currently listed at $4,420,000. It has been on the market for a total of 32 days and was last sold on August 20, 2021. This listing's school district is Miami-Dade. Nearby schools include Air Base K-8 Center for International Education, Hubert O. Sibley K-8 Center and Horace Mann Middle School. 529 Northwest 88th Street is a 0-bed, 0-bath, multi-family home built in 1940.

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Listing Courtesy of The Alpha Commercial Advisors LLC

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.