38 Unit Build Ready Multifamily Development Opportunity in Florida City, FL.
| Website: | https://www.nestseekers.com/5485319 |
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| Address: | Florida City, FL 33034 |
| Ownership: | For Sale |
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| Type: | Unknown |
| Lot Size: | 1.8 Acres |
Financials
Price:$3,000,000
Annual Taxes:$35,000
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
888 Biscayne Blvd # Unit CU9 Miami, FL 33132 Phone: +1 305-203-4555 Fax: +1 305-675-0745 | |
| Listing Courtesy of DG Pinnacle Realty | |