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Homestead,FL 33030
Key Details
Property Type Vacant Land
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Tatums Colored Town Addn
MLS Listing ID A11659089
Annual Tax Amount $971
Tax Year 2023
Lot Size 8,712 Sqft
Property Sub-Type Multi Family
Property Description
Huge opportunity to own real estate in South Florida's fastest-growing area. We have 2 commercial mixed use lots in Homestead, totaling an expansive 8,000 sq. ft. Located in an Opportunity Zone, offering significant tax benefits for real estate developers. Benefits can include temporary deferral of capital gains taxes, a step-up in basis, & even permanent exclusion of taxable income on new gains for investments held for at least 10 years. The lots may qualify for an INCREASE IN DENSITY under LIVE LOCAL ACT(law designed to increase the supply of affordable housing by providing developers with tax incentives).Lastly, the lots are in a TOD. Transit-Oriented Development is a type of community design that focuses on creating walkable, mixed-use neighborhoods centered around public transit hubs.
Location
State FL
County Miami-dade
Community Tatums Colored Town Addn
Area 78
Exterior
Utilities Available Electricity Available,Other,Sewer Available,Trash Collection,Water Available
Building
Lot Description <1 Acre
Sewer Other
Water Public
Others
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11659089