Available For Sale - Land , Multifamily

31,978 SF | Show Pricing $

Download Brochure

AVAILABILITY DETAILS

Size
31,978 SF
Price/SF
Show Pricing $
Listing ID
SA434296
Notes
FA Commercial present for sale a premium located development land in North Miami. It comes with an income stream produced by 3 existing multifamily buildings that are currently on the land. The lot consist of 3 individual folios, including a corner facing to 9th Ave. The property can be used to develop a multifamily building project of up to 90 units per acre per current zoning. The property sits in the heart of N. Miami and its surrounded by Golf Courses, Supermarkets, Restaurants and the newly renovated North Miami Museum of Contemporary Art.



* The current units will be remodeled ; NOI and CAP will increase after this investment

* Land comes with an income stream of 7 current apartments - Total size of the buidings is 6,400 SF

* Can be developed into a multifamily project of approximately 66 units

* Zoning is R-5 (Medium Density Residential)

* The complete property is made up of 3 individual lots - 31,978 SF (0.73 Acres)-

* Total Lot Dimensions: 135' x 215'



Click here for offering memorandum: https://facommercial.com/propert...
Uses
Land
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Fabio Faerman, FA Commercial