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$1,095,000
Est. payment /mo
4,965 Sqft Lot
UPDATED:
12/10/2024 04:27 PM
Key Details
Property Type Vacant Land
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Lawrence Estate Land Co S
MLS Listing ID A11706061
HOA Y/N No
Annual Tax Amount $10,017
Tax Year 2023
Lot Size 4,965 Sqft
Acres 0.114
Lot Dimensions 50x100
Property Description
Offering a prime T-6-8-O zoned 5,000 sqft development site in Riverside/East Little Havana with submitted plans for a 5-story, 15-unit multifamily building totaling 10,000 sqft, including 7 micro studios (allowing short-term lodging) and 8x 3-bed 3-bath apartments. Expected City approval by Q1 '25. Major benefit includes an approved parking waiver, eliminating the need for onsite parking. Strategically located minutes from the job centers of Downtown, Brickell, and the Health District, and walking distance to Marlins Stadium & Miami River. An existing 4-unit property on site generates $4,540/month gross from month-to-month tenants. Ideal for developers and investors seeking immediate income and growth potential in Miami's vibrant market. DO NOT DISTURB TENANTS.
Location
State FL
County Miami-dade
Community Lawrence Estate Land Co S
Area 41
Direction Use GPS for directions.
Exterior
Utilities Available Other
Building
Lot Description <1 Acre
Sewer Public Sewer
Water Public
Others
Tax ID 01-41-02-005-0990
Ownership Corporation
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Special Listing Condition Corporate Listing
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Listed by LoKation
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