Brand New on Market / Sought after Development Area / These properties are considered landmarks in Old Miami / Properties are located at the intersection between Midtown, The Design District, and the Upper East Side all very explosive areas for real estate sales & rentals / With the site having… Read More a strategic location at Edgewater & Midtown, both neighborhoods that have seen a massive influx of residential and mixed-use development becoming one of the most sought-after development markets in Miami / Property is Zoned T5-R with possibility of zoning change to T8-O / Also possible to use Workforce Affordable which include a lot of Developer Perks / Site may also qualify under Florida's Live Local Act which can unlock significant additional Density & Height with reduced parking requirements and expedited approvals / Both of these options would increase Density & Height / The site is comprised of 13,112 SF of land with two buildings totaling 9,946 SF producing income. All units are rented with long term tenants / Rents are way under market / Monthly rents are approximately $20,000. Gross Monthly / Owner Financing Available / Brightline Station coming soon to Biscayne & NE 38th St — adding significant transit value to this already prime location. Read Less
Courtesy of Modern World Realty, Diego Enrique Ramos, 305-988-9640.
Listing Snapshot
Days Online
79
Last Updated
Property Type
Multi Family
Square Ft.
9,946
Lot Size
0.3 Acres
Year Built
1947
MLS Number
A11994018
30 Days Snapshot Of 33137
$1.08M
+6%
(avg) sold price
16
+433%
homes sold
182
+93%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1947, Toal building area: 9946
Lot
0.3 acres
Property
Zoning: 4600
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