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Description
2-story building with 4 units next to the I-395/State Road 836. Gross building of +/- 2,928 SF in 4,750 SF lot size. Fourplex in-place with rents of $1,200/mo. and projected NOI of 39K. Lot is in an Opportunity Zone Area.
Favorable T6-8-L Zoning designation. Automatic upzone due to Overtown CRA allows to increase the height of development up to 20 floors and double the density. It must include a qualifying affordable housing component.
2 minutes to Miami Central; 8 minutes to Miami Intl. Airport; 4 minutes to the Port of Miami; 10 minutes to South Beach. Property is next to the new development of 30 acres of public open space, the I-395 Signature Bridge / Underdeck Project.
Location
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Courtesy of: Global Investments Realty MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 7th February, 2023 11:15 AM (UTC)
