Potential Redevelopment or Renovation of existing property in Miami, FL. Duplex-zoned land (T3-O) with the benefit of being a covered land play. Currently a duplex rented at $55,200 annually for a potential 6% + Cap. Front is a 3/2 & back is a 2/1.5. Redevelop: Potentially a new two (2) unit, 2-story duplex townhome development. Cash only as property has violations & a demolition order. Text agent to schedule discuss or see attached information. Investors are rolling into this hot area w/in walking distance to the Magic City Tech Hub Development between 59th & 64th Street. Minutes to the Design District, Midtown Miami Shopping, Wynwood Entertainment District, Edgewater/Downtown & the MIMO District of Miami’s Upper East Side.
Mls | A11678458 |
---|---|
Listing Type | For Sale |
Style | Detachd |
Subtype | Resale |
Status | Active |
Days On Site | 52 |
Listing Provided By | Douglas Elliman | Brian Carter PA |
Zoning | 5700 |
---|---|
Acreage | 0.13 |
State | FL |
---|---|
County | Miami Dade |
City | Miami |
Zip Code | 33127 |
Area | 31 |
Community Name | HIGH SCHOOL PK TRACK |
Listing VS Median (in HIGH SCHOOL PK TRACK) | |
Price: $350,000 low | high Med: $176,050 On Site: 52 low | high Med: 80.500000 |