LOT SIZE 0.770 acres
MLS#A12049108
STATUSActive
PROPERTY TYPELand - Residential
SUBDIVISIONMELROSE HEIGHTS 4TH SEC
Property Description
The offering includes two contiguous lots totaling approximately 34,000 SF or 0.77 acres zoned T6-8-O. That means youre looking at a by-right development potential for up to 116 multifamily units. Heres the value-add: the site currently generates approx. $250,000.00 in annual rental income from a mix of short-term tenants across residential and commercial structures. That provides a strong carry while pursuing entitlements or finalizing plans. Add to that the Live Local Act incentives ? no parking required in TOD zones, increased FAR, density, and height ? and this site offers significant development upside. Just 2.5 miles from Miami International Airport and minutes from Wynwood, Downtown, and the Health District, this location combines accessibility with strong long-term potential.
Property Features
Property Type: Land - Residential
Lot Size: 0.77 Acres
Taxes: $34,774
Feature Descriptions
Crops Included Y/N: No
Days on Site: 1
Directions: The submarket extends north from the City of Miami Gardens to the Allapattah neighborhood to the south, bordered by I-95 on the east. 34,000 square feet.
Home Warranty Y/N: No
Lease Considered Y/N: No
Lot: City Location,1-2.5 Acres
Lot Dimensions: 13386x25267
Parcel#: 01-31-28-013-3450
Property Attached Y/N: No
Sewer: Other
Utilities: Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Other, Phone Available, Sewer Available, Trash Removal, Water Available
Water: Municipal Water
Listed By / Shown By
Listed By
Agency Name: RE/MAX 360 Real Estate
Agency Phone: 305-602-0360
Shown By
Agency Title: Realty 100
Agency Phone: 954-859-2100
Estimate Your Payment
Estimated Payment
$ 12,715.04 per month $8,679.71 Principal & Interest $2,897.83 Property Tax $1,137.50 Homeowner's Insurance
| MLS# A12049108
This land located at , Miami, FL 33142 is currently listed for sale with an asking price of $3,900,000. The property has approximately 0.77 Acres. Search Miami real estate on www.realty100.com today.