DEVELOPERS DREAM!!! Prime land in the heart of Shenandoah/Silver Bluff a few minutes drive to Coconut Grove on 32nd and US1. Lot is zoned multi-family, T3O, up to 9 units and sits on just under 7000 sf of land, larger than most lots on the market. Build two twin homes that are selling for $1.2 million each, which already exist on the same block and throughout entire area, or fix existing structure and earn 6% CAP RATE immediately. Additionally, add dwellings to the lot and convert it into a tripex or fourplex. At a bargain price of $697,900 still leaves plenty of margin once development is completed. This will not last so submit offers asap. Seller may consider some sort of owners finance under certain circumstances with a minimum of 50% downpayment.
Elementary School | Middle School | High School |
The data relating to real estate for sale on this web site comes in part from the participating Associations of the Miami Multiple Listing Service. The MLS data provided for the property above (A11107204) is provided courtesy of (Beachfront Realty Inc). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Data last updated on 04-20-2024. IDX powered by Realty Net Media
Leonardo Alvarado , Broker
Dream Terra Realty
4577 Nob Hill Road Ste 202
Sunrise, FL 33351
954-636-2634
954-748-2355
dreamterra@bellsouth.net