529 NW 88th St El Portal, FL 33150

El Portal, FL 33150

for sale | Commercial | Built in 1940

$2,400,000

Annual Tax: $32,054.00
Available Immediately

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Reduced price

WEB ID: 86298219

529 NW 88th St El Portal, FL 33150

El Portal, FL 33150

for sale | Commercial | Built in 1940

$2,400,000

Annual Tax: $32,054.00
Available Immediately

The Details

About 529 NW 88th St, El Portal, FL 33150

Cash-Flowing Value-Add Opportunity: Over 90% occupied with room to increase rents. Nearly Turn-Key with Renovated Interiors: Quaint, convenient, and well-maintained for a hassle-free investment. Expansion Potential: A perfect example of what can be achieved on the adjacent parcel just steps to the west. Traditional Tenant Mix: Annual and month-to-month, ensuring consistent cash flow. Short term rental model cou...

Listing Courtesy of THE ALPHA COMMERCIAL ADVISORS LLC, SEFMLS:A11611001

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El Portal

El Portal is a tiny village of historic homes from the 1930s, 40s, and 50s. Despite an adjacence to Miami Shores and Miami-proper, this half-square mile right beyond city limits feels anything but urban. The area is a designated bird sanctuary, making it a haven for El Portal’s more feathery neighbors and the trees they nest in. Don’t be surprised to turn a corner and spot a peacock strolling in the opposite direction. The Little River Mound in Sherwood Forest adds some archaeological importance to El Portal. Though it looks like a simple grassy knoll, the site is a historical Native American burial mound dating to the seventh century. While a few local businesses dot the village, most lie outside its borders. However, given El Portal's central location, nothing is ever too far away.

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