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Key Details
Sold Price $560,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Lawrence Estate Land Co
MLS Listing ID A11342887
Sold Date 11/27/23
HOA Y/N No
Annual Tax Amount $7,228
Tax Year 2022
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 50x140
Property Description
7,000 Sq. Ft. site w/plans for 10 units in East Little Havana. 8 units are designated workforce housing, 1 for affordable housing & 1 for low income. The unit mix consists of six 2 bedroom 1 bath units, & four studios. WASD & Miami Dade County are good with using existing water & sewer in the street which is another reduced expense for potential developers. The plans were qualified under prior parking exemption rules giving any developers flexibility to build at a significantly reduced cost 2 stories, providing higher returns, with a high design, new construction product in the neighborhood. The surrounding area has seen a huge revitalization with several construction projects to the East completed. This is a COVID-19/inflation proof investment in Miami's most iconic neighborhood.
Location
State FL
County Miami-dade County
Community Lawrence Estate Land Co
Area 41
Exterior
Utilities Available Other
Street Surface Other
Private Pool Yes
Building
Lot Description <1 Acre
Sewer Other
Water Other
Others
Tax ID 01-41-02-005-1650
Financing Cash
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Bought with Kroll Realty Company