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$1,500,000
Est. payment /mo
0.32 Acres Lot
UPDATED:
09/30/2024 09:31 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Palm Springs Amd
MLS Listing ID A11635359
HOA Y/N No
Annual Tax Amount $4,939
Tax Year 2023
Lot Size 0.320 Acres
Acres 0.32
Lot Dimensions 85x105
Property Description
Development Potential: approved plans: 4 units, each with 3 bedrooms and 2 bathrooms (1,600 sq ft per unit) Potential income $14,000 per month Maximum potential: (plans can be modified)to up to 12 units . Additional Considerations: Appreciation: Plans include 8 parking spaces, which may need to be increased if the number of units is maximized. Rental market: Research the local rental market to determine demand for 3/2 units and potential rental rates. Overall, this property offers significant potential for investors looking to capitalize on the growing demand for multifamily housing. Current State: Main house: 4 bedrooms, 3 bathrooms (potential rental income) Efficiency unit: 1 bedroom, 1 bathroom Land: 13,127 sq ft corner lot
Location
State FL
County Miami-dade
Community Palm Springs Amd
Area 21
Interior
Window Features Impact Glass
Exterior
Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Available, Trash Collection
Waterfront Description Canal Access,Canal Front
View Canal
Building
Lot Description <1 Acre
Sewer Other
Water Public
Others
Tax ID 04-21-31-001-1590
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
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Listed by RE/MAX Advance Realty II
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