Description
Fully leased six-unit multifamily opportunity totaling approximately 3,993 SF situated on a 13,275 SF lot with T6-8-O zoning. The property consists of four 1-bedroom units, two 3-bedroom units, plus additional leased parking income, providing stable in-place cash flow. The true upside lies in its redevelopment potential. Zoned T6-8-O, the site offers significant density flexibility with a conceptual redevelopment yield of up to ±42 units (subject to approvals). Eligible for Live Local incentives, this property presents a rare covered-land play with income during the planning phase.Two-story building configuration. Folio: 01-3133-008-0340. Submarket: Paradise Park. Located within the Little Havana multifamily corridor, one of Miami's most consistently occupied rental markets with historically low vacancy.Property Overview:±3,993 SF existing improvementsTwo-story multifamily buildingFour (4) 1-bedroom unitsTwo (2) 3-bedroom unitsAdditional leased parking incomeFully occupied with strong in-place cash flowFolio: 01-3133-008-0340Development Profile:Lot Size: 13,275 SFZoning: T6-8-OPrimary Zone: 6100 - Commercial NeighborhoodLive Local eligible siteConceptual redevelopment potential of up to ±42 units (subject to verification and approvals)
Details
| MLS # | A11974896 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 178 |
| Listing Provided By | RE/MAX 360 Real Estate | Agustin Duarte |
Features
| Zoning | 6100 |
|---|---|
| Acreage | 0.31 |
Exterior
| Lot Features | City Lot |
|---|
Taxes
| Tax Annual Amount | 17390 |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33125 |
| Area | 2310 |
| Community Name | PARADISE PARK AMD PL |
| Listing VS Median (in PARADISE PARK AMD PL) | |
Price: $1,625,000 low | high Med: $1,850 On site: 178 low | high Med: 199 | |
Market Activity 33125
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33125 |
| Area | 2310 |
| Community Name | PARADISE PARK AMD PL |
| Listing VS Median (in PARADISE PARK AMD PL) | |
Price: $1,625,000 low | high Med: $1,850 On site: 178 low | high Med: 199 | |
