5,000 Sq. Ft. development site in West Little Havana that consists of one vacant lot in a sector seeing surging development and demand. T4-R Zoning is ideal for this dynamic submarket experiencing economic growth, sub
2% vacancies pushing rental rates higher and demand is ever stronger for mixed-use infill development like this. Density allows for 4 units by right however city programs exist with mixed-income development that allows for double the density to 8. Unit mixes are open so developers can build from 1 bedroom models or even to 3 bedroom models, creative and aggressive designers may adopt even co-living approach which is a trend that has shown to be very profitable for those willing to take on the unique operations.
2% vacancies pushing rental rates higher and demand is ever stronger for mixed-use infill development like this. Density allows for 4 units by right however city programs exist with mixed-income development that allows for double the density to 8. Unit mixes are open so developers can build from 1 bedroom models or even to 3 bedroom models, creative and aggressive designers may adopt even co-living approach which is a trend that has shown to be very profitable for those willing to take on the unique operations.
Property Details
Price:
$550,000
MLS #:
A11652701
Status:
Active
Beds:
0
Baths:
0
Address:
1941 NW Flagler Ter
Type:
Single Family
Subdivision:
EVANSTON HEIGHTS
Neighborhood:
Evanston Heights
City:
Miami
Listed Date:
Sep 1, 2024
State:
FL
ZIP:
33135
Lot Size:
5,000 sqft / 0.11 acres (approx)
Schools
Interior
Exterior
Financial
Tax Year
2024
Taxes
$4,094
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1941 NW Flagler Ter
Miami, FL
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