Fully leased six-unit multifamily opportunity totaling approximately 3,993 SF situated on a 13,275 SF lot with T6-8-O zoning. The property consists of four 1-bedroom units, two 3-bedroom units, plus additional leased parking income, providing stable in-place cash flow. The true upside lies in its redevelopment potential. Zoned T6-8-O, the site… Read More offers significant density flexibility with a conceptual redevelopment yield of up to ±42 units (subject to approvals). Eligible for Live Local incentives, this property presents a rare covered-land play with income during the planning phase. Two-story building configuration. Folio: 01-3133-008-0340. Submarket: Paradise Park. Located within the Little Havana multifamily corridor, one of Miami’s most consistently occupied rental markets with historically low vacancy. Property Overview: ±3,993 SF existing improvements Two-story multifamily building Four (4) 1-bedroom units Two (2) 3-bedroom units Additional leased parking income Fully occupied with strong in-place cash flow Folio: 01-3133-008-0340 Development Profile: Lot Size: 13,275 SF Zoning: T6-8-O Primary Zone: 6100 – Commercial Neighborhood Live Local eligible site Conceptual redevelopment potential of up to ±42 units (subject to verification and approvals) Read Less
Courtesy of RE/MAX 360 Real Estate 305-602-0360
Listing Snapshot
Days Online
194
Last Updated
Property Type
Quadruplex
Square Ft.
4,577
Year Built
1945
MLS Number
A11981015
30 Days Snapshot Of 33125
$263k
0%
(avg) sold price
0
-100%
homes sold
132
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1945, Living area: 4577, Construction materials: Block, Toal building area: 4577
Cooling
Central Air
Floors
Concrete
Heating
Separate Meters, Central
Property
Zoning: 6100
Roof
Concrete
Taxes
Annual amount: $16,694
Utilities
Cable Available, Sewer Available
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