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Offering a prime T-6-8-O zoned 5,000 sqft development site in Riverside/East Little Havana with submitted plans for a 5-story, 15-unit multifamily building totaling 10,000 sqft, including 7 micro studios (allowing short-term lodging) and 8x 3-bed 3-bath apartments. Expected City approval by June 2024. A notable benefit includes an approved parking waiver, eliminating the need for onsite parking. Strategically located minutes from the job centers of Downtown, Brickell, and the Health District, and walking distance to Marlins Stadium & Miami River. An existing 4-unit property on site generates $4,440/month gross from month-to-month tenants. Ideal for developers and investors seeking immediate income and growth potential in Miami's vibrant market. DO NOT DISTURB TENANTS.
| DAYS ON MARKET | 88 | LAST UPDATED | 3/27/2024 |
|---|---|---|---|
| TRACT | LAWRENCE ESTATE LAND CO S | YEAR BUILT | 1923 |
| COMMUNITY | 41 | COUNTY | Miami-Dade |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to Mar 7, '24 | $1,250,000 |
|---|---|
| Mar 7, '24 - Mar 27, '24 | $1,200,000 |
| Mar 27, '24 - Today | $1,150,000 |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 41 |
| BUYER'S BROKERAGE COMPENSATION | 2.5% |
| CONSTRUCTION | BLOCK |
| HEAT | Wall Furnace |
| LOT | 0 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Fourplex |
| SUBDIVISION | LAWRENCE ESTATE LAND CO S |
| TAXES | 10017 |
| UTILITIES | Cable Available |
| WATER | Public |
| ZONING | 6100 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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