Property Description

Excellent investment and redevelopment opportunity in a prime location on a desirable corner lot in Little Havana. Property consists of 5 legal units currently being used as 6 units. A 1937 2 story duplex (2/1 & 2/2) and a 1954 triplex (3 -1/1 units). Fully occupied month-to-month rentals offer maximum flexibility. This allows a buyer to generate interim income to offset carrying costs while deciding whether to move forward with approved plans to cure violations, and execute a remodel or advance new redevelopment plans through the entitlement phase. Property being sold Cash strictly AS-IS with existing violations and liens. Currently zoned T4-R with a pending rezoning application to T5-0 under Miami 21, offering significant potential for future redevelopment. Architectural plans are included with sale. Buyer must conduct all due diligence and independently verify existing and proposed uses, unit count, zoning development rights, code compliance, violations, liens and the status and requirements of the pending rezoning application. Seller and Broker make no representation or guarantee that the requested T5-O rezoning will be approved. Approved plans and financials available.

Features
Cooling System
Roof
Sewer
Address Map
State:
FL
County:
Miami-Dade
City:
Miami
Zipcode:
33135
Street:
625 Sw 18th Ave, Miami, Florida 33135
Longitude:
W81° 46' 31.5''
Latitude:
N25° 46' 1.6''
MLS Addon
Building Area:
3,307 Sqft
Construction Materials
Cumulative DOM:
23
DOM:
23
Directions:
On the corner of SW 7 Street and 18 Avenue.
Electric
Flooring
Internet Address Display:
1
Internet Listing Display:
1
Parcel Number:
01-41-03-026-0170
Structure Type:
Multi Family
Tax Annual Amount:
$13,755
Virtual Tour:
Click Here

Commercial Sale For Sale

625 Sw 18th Ave, Miami, Florida 33135, Miami, Florida 33135

7,127 Sqft
$1,100,000
MLS # #A12085564
Basic Details
Property Type :
Commercial Sale
Listing Type :
For Sale
Price :
$1,100,000
Year Built :
1937
Lot Area :
7,127 Sqft
MLS # :
A12085564
Agent info
Contact Agent