Property Description
Over 60% potential development returns for this permit ready development site in an Opportunity Zone in Miami, FL, between Magic City & the Little River Innovation Districts; as well as between Wynwood, Miami Beach, MIA Airport, but near the new Swerdlow Group development of 5,000 + units. Plans to develop 8 townhomes w/ garages & roof top summer kitchens. Sell as condos or rental flexibility as either 8 townhomes or 4 – 3 bed townhomes; 4 – 2/2 flats, & 4 – ground level 1/1’s. Rentals for the 12 units produce best yield on costs. 7,100 SF lot Zoned T5-R. On site is an existing house rented for current income. Development pending only the payment of impact, permit fees, & tree bond by Buyer.
Features
- Sewer
Address Map
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami
- Zipcode:
- 33150
- Longitude:
- E0° 0' 0''
- Latitude:
- N0° 0' 0''
MLS Addon
- Cumulative DOM:
- 237
- DOM:
- 270
- Directions:
- Please see attached OM. Drive by but don't bother/discuss w/ tenants. Current rent $2,595/mo. See "Input Broker Remarks"
- Internet Listing Display:
- 1
- Listing Terms:
- Cash
- Lot Features
- LotSize Dimensions:
- 71x100
- Parcel Number:
- 01-31-13-025-0050
- Subdivision Name:
- FOREST PARK
- Tax Annual Amount:
- $6,599
- Tax Year:
- 2024
- Utilities
- Virtual Tour:
- Click Here
Land For Sale
Miami, Florida 33150
7,100 Sqft
$695,000
MLS # #A11792450
Basic Details
- Property Type :
- Land
- Listing Type :
- For Sale
- Price :
- $695,000
- Lot Area :
- 7,100 Sqft
- MLS # :
- A11792450
- Property Sub Type :
- Residential
