Miami, FL 33150,Address not disclosed
Miami, FL 33150,Address not disclosed
Miami, FL 33150,Address not disclosed
Miami, FL 33150,Address not disclosed
Miami, FL 33150,Address not disclosed
Miami, FL 33150,Address not disclosed
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Betty Gerdts

Betty Gerdts

+1(305) 506-1518
$ 695,000
Est. payment | /mo

7,100 Sqft Lot

Save Virtual Tour
$ 695,000
Est. payment | /mo
Save Virtual Tour

7,100 Sqft Lot

Key Details

Property Type Vacant Land

Sub Type Residential

Listing Status Active

Purchase Type For Sale

Subdivision Forest Park

MLS Listing ID A11792450

HOA Y/N No

Annual Tax Amount $6,599

Tax Year 2024

Lot Size 7,100 Sqft

Acres 0.163

Lot Dimensions 71x100

Property Sub-Type Residential

Property Description

Over 60% potential development returns for this permit ready development site in an Opportunity Zone in Miami, FL, between Magic City & the Little River Innovation Districts; as well as between Wynwood, Miami Beach, MIA Airport, but near the new Swerdlow Group development of 5,000 + units. Plans to develop 8 townhomes w/ garages & roof top summer kitchens. Sell as condos or rental flexibility as either 8 townhomes or 4 – 3 bed townhomes; 4 – 2/2 flats, & 4 – ground level 1/1's. Rentals for the 12 units produce best yield on costs. 7,100 SF lot Zoned T5-R. On site is an existing house rented for current income. Development pending only the payment of impact, permit fees, & tree bond by Buyer.

Location

State FL

County Miami-dade

Community Forest Park

Area 31

Direction Please see attached OM. Drive by but don't bother/discuss w/ tenants. Current rent $2,595/mo. See \"Input Broker Remarks\"

Exterior

Utilities Available Electricity Available, Sewer Available, Trash Collection, Water Available

Present Use Other

Street Surface Paved

Private Pool Yes

Building

Lot Description <1 Acre, Irregular Lot

Sewer Public Sewer

Water Public

Others

Tax ID 01-31-13-025-0050

Acceptable Financing Cash

Listing Terms Cash

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11792450

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Douglas Elliman

Learn More About LPT Realty

+1(305) 506-1518
https://thegerdtsgroup.com
1400 S International Pkwy, Lake Mary, FL, 32746-1607, USA
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