Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Lot Size: | 1.8 Acres |
Financials
Price:$3,000,000
Annual Taxes:$35,000
Listing Courtesy of DG Pinnacle Realty
38 Unit Build Ready Multifamily Development Opportunity in Florida City, FL.
Description
38-Unit Build-Ready Multifamily Development Opportunity in Florida City, FL. Rare investment opportunity featuring approved plans for a 38-unit rental community in one of South Florida’s fastest-growing markets. Strategically located in a high-demand rental area with strong population growth, expanding job market, and excellent access to major highways and the Florida Keys.This shovel-ready development site offers investors and developers the opportunity to capitalize on long-term cash flow and appreciation potential. Projected stabilized financials show approximately $1.4M in gross rental income with projected NOI exceeding $900K annually.Property highlights include approved multifamily zoning, efficient site layout, modern community design, ample parking, and strong rental absorption potential. Ideal for multifamily investors, builders, and developers seeking a high-growth South Florida asset.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A12019296
Amenities
- SewerNotAvailable
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.
