460 NE 82nd Ter, Miami, Florida, 33138

460 NE 82nd Ter
Miami FL 33138

Property

Ownership: For Sale
Pets: Pets Allowed

Financials

Price: $14,900,000
Annual Taxes: $11,979
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Courtesy of Karson & CO

Description

The Junction @ Little River is a true covered land play producing significant revenue of over $850,000 annually with below market rents and tremendous development upside. The assemblage encompasses 59 multifamily units with a 100% occupancy rate. The Junction @ Little River is positioned less than 100 feet from the planned Brightline station, offering residents high speed transportation access to all surrounding major neighborhoods. This proximity affords the site with official TOD designation. Junction at Little River is entitled for 310 units and 8 stories, with TOD designation granting an additional 4 stories and 78 residential units and 112,640 square feet, with up to 380 fewer parking spaces than would be required outside of a TOD. Grand total of 12 stories and 388 units.

The Junction Little River is a true covered land play producing significant revenue of over 850, 000 annually with below market rents and tremendous development upside.

Description

The Junction @ Little River is a true covered land play producing significant revenue of over $850,000 annually with below market rents and tremendous development upside. The assemblage encompasses 59 multifamily units with a 100% occupancy rate. The Junction @ Little River is positioned less than 100 feet from the planned Brightline station, offering residents high speed transportation access to all surrounding major neighborhoods. This proximity affords the site with official TOD designation. Junction at Little River is entitled for 310 units and 8 stories, with TOD designation granting an additional 4 stories and 78 residential units and 112,640 square feet, with up to 380 fewer parking spaces than would be required outside of a TOD. Grand total of 12 stories and 388 units.


All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.