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.
Property Details
Price:
$695,000
MLS #:
A11792450
Status:
Active
Beds:
0
Baths:
0
Address:
Type:
Single Family
Subtype:
Residential
Subdivision:
FOREST PARK
Neighborhood:
forestpark
City:
Miami
Listed Date:
Apr 29, 2025
State:
FL
ZIP:
33150
Lot Size:
7,100 sqft / 0.16 acres (approx)
Schools
Interior
Exterior
Financial
Tax Year
2024
Taxes
$6,599
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