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$ 1,950,000
Est. payment | /mo
2,280 SqFt
$ 1,950,000
Est. payment | /mo
2,280 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,280 sqft
Price per Sqft $855
MLS Listing ID A11718805
HOA Y/N No
Year Built 1938
Annual Tax Amount $14,687
Lot Size 10,000 Sqft
Property Description
The subject property consists of two separate structures sitting on a 10,000 SF lot; a duplex with 3 bedrooms and 1 bathroom each on both the top and bottom floors, as well as an ancillary unit with 3 bedrooms and 2 bathrooms. All units are around 900 SF each. The property is currently 100% occupied with rents at $1,795 per month and a total gross income of $65,000. Rents are on a month-to-month basis and are determined to be under-market. The property is best seen as a covered land play, offering an investor the opportunity to ultimately take advantage of the Wynwood Norte NRD-2 zoning overlay for low-intensity infill development. The site carries an increased density of 150 d/U per acre, allowing for approximately 33 units. Seller Financing is available at very favorable times
Location
State FL
County Miami-dade
Area 31
Others
Tax ID 01-31-25-019-2940
Listed by Dwntwn Realty Advisors LLC
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Renyel Rivero & Severiano Fernandez
Real Estate Consultants