a 12-unit multifamily property located in the Overtown neighborhood of Miami, Florida. The property consists of eleven two-bedroom/one-bathroom units and one one-bedroom/one-bathroom unit across approximately 6,234 square feet of rentable area on a 7,500 SF lot zoned T6-8-O, permitting up to 8 stories of development.The property is currently 83.3% occupied with in-place rents averaging $1,600 per month. The property's T6-8-O zoning supports future redevelopment at up to 8 stories, providing optionality for long-term investors seeking density in Miami's urban core. The generous lot size of 7,500 square feet on a corner parcel further enhances the redevelopment potential of this site.
| MLS # | A12019487 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 134 |
| Listing Provided By | Compass Florida, LLC | Arthur Porosoff |
| SQ Feet | 6,234 |
|---|---|
| Story(s) | 3 |
| Zoning | 6100 |
| Acreage | 8769.00 |
| Tax Annual Amount | 23151 |
|---|
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33136 |
| Area | 2310 |
| Community Name | MIAMI NORTH |
| Listing VS Median (in MIAMI NORTH) | |
Price: $2,350,000 low | high Med: $554,500 sqft: 6,234 low | high Med: 405 $ / sqft: $377 low | high Med: $1,408 On site: 134 low | high Med: 177.5 | |
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33136 |
| Area | 2310 |
| Community Name | MIAMI NORTH |
| Listing VS Median (in MIAMI NORTH) | |
Price: $2,350,000 low | high Med: $554,500 sqft: 6,234 low | high Med: 405 $ / sqft: $377 low | high Med: $1,408 On site: 134 low | high Med: 177.5 | |