Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
Financials
Price:$2,350,000
Annual Taxes:$23,151
Listing Courtesy of Compass Florida, LLC
a 12 unit multifamily property located in the Overtown neighborhood of Miami, Florida.
Description
a 12-unit multifamily property located in the Overtown neighborhood of Miami, Florida. The property consists of eleven two-bedroom/one-bathroom units and one one-bedroom/one-bathroom unit across approximately 6,234 square feet of rentable area on a 7,500 SF lot zoned T6-8-O, permitting up to 8 stories of development.
The property is currently 83.3% occupied with in-place rents averaging $1,600 per month. The property's T6-8-O zoning supports future redevelopment at up to 8 stories, providing optionality for long-term investors seeking density in Miami's urban core. The generous lot size of 7,500 square feet on a corner parcel further enhances the redevelopment potential of this site.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A12019487
Amenities
- CableAvailable
- LessThanQuarterAcre
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.
