Potential Redevelopment or Renovation of existing property in Miami, FL. Duplex-zoned land (T3-O) with the benefit of being a covered land play. Currently a duplex rented at $55,200 annually for a potential 6% + Cap. Front is a 3/2 & back is a 2/1.5. Redevelop: Potentially a new two (2) unit, 2-story duplex townhome development. Cash only as property has violations & a demolition order. Text agent to schedule discuss or see attached information. Investors are rolling into this hot area w/in walking distance to the Magic City Tech Hub Development between 59th & 64th Street. Minutes to the Design District, Midtown Miami Shopping, Wynwood Entertainment District, Edgewater/Downtown & the MIMO District of Miami’s Upper East Side.
1,982 Sq Ft
Other
$6,917 Annual Tax
Built in 1925
MLS/Listing ID A11678432
HIGH SCHOOL PK TRACK
1 Stories
2 Units
Ceramic Tile
Tile
Shingle
Style - Attached
Style - Ranch
Flat Tile
Construction - CBS
Cooling - Central Air
Carpet
Listing Courtesy of DOUGLAS ELLIMAN, BRIAN CARTER - 305-677-5000
Source of Data: MIAMI ASSOCIATION OF REALTORS