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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
Don't miss this incredible opportunity to own prime real estate in one of South Florida's fastest-growing areas. We're offering 2 vacant commercial mixed use (CMU) lots in Homestead, totaling an expansive 8,000 square feet. The properties are located in an Opportunity Zone, offering potential significant tax benefits for real estate investors & developers. These 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 property may also qualify for an INCREASE IN DENSITY under the LIVE LOCAL ACT (Florida State law designed to increase the supply of affordable housing by providing developers with tax incentives & overriding certain local zoning regulations)
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