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Miami,FL 33150
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision Forest Park
MLS Listing ID A11792450
Annual Tax Amount $6,599
Tax Year 2024
Lot Size 7,100 Sqft
Property Sub-Type Residential
Property Description
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.
Location
State FL
County Miami-dade
Community Forest Park
Area 31
Exterior
Utilities Available Electricity Available,Sewer Available,Trash Collection,Water Available
Building
Lot Description <1 Acre,Irregular Lot
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11792450