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http://www.roserealtymiami.com/miami-beach-mls-listing/A11579853.htm
Price: $1,600,000 MLS Number: A11579853  Multi-Family
 Address: 7905 Crespi Blvd, Miami Beach, Florida 33141 USA
 Living Area: 1,946
 
 Total Square Feet: 1,970
 
 Waterfront: YES
 Year Built: 1947
 
 Community: BISCAYNE BCH SUB
 
 Subdivision: BISCAYNE BCH SUB
 Remarks:
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
 
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