Property
| Ownership: | For Sale |
|---|---|
| Type: | Duplex |
| Pets: | No Pets Allowed |
Financials
Price:$1,975,000
Annual Taxes:$14,098
Listing Courtesy of Avanti Way Realty LLC
Rare development opportunity in the heart of Coconut Grove !
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Description
Rare development opportunity in the heart of Coconut Grove! Fully leased, income-producing duplex on a 6,000 SF duplex-zoned lot with two excellent tenants in place. Ideal for new construction, with conceptual plans available to build two luxury townhomes (approx. 1,845 SF each, 3 bed / 3 bath). Estimated hard cost is $200/SF, with a projected all-in cost of $1.3M per townhome. Resale comps in the $1.6M+ range offer strong upside for developers. Utilities at street. Survey and conceptual plans available. Lot may be split, buyer to verify with city. Prime location near parks, shops, schools, and dining. Drive-by only; do not disturb tenants. Showings will be scheduled for serious buyers only.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11839361
Amenities
- CableAvailable
- LessThanQuarterAcre
Neighborhood
More listings:
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.
