Mixed-Use Building – 1,800 Sq Ft in Miami, FL – Income-Producing with 8% CAP

Category: Mixed-Use

Price:$550,000

Location: Miami, FL

Year Built: 1968

Days on Market: 80

Description:

DO NOT MISS OUT! Income Producing Add Value Play! Lowest Priced Free-Standing Mixed-Use Building in City of Miami! Hard Corner lot fronting NW 17 Ave. Zoning allows many commercial/ residential uses (Apt, Restuarant, Retail, Offices, & more). Property operating as church/apartment w Full Kitchen downstairs and two 1/1 apt upstairs. 8% CAP. Current Rent $4500 a month total. Leases exp DEC 2025. Fenced Corner lot w 5 parking spaces. Ample street parking. 3 FPL & 1 Water meter. Roof & Electrical upgraded last 7 yrs. 40 Yr cert approved. Perfect for the creative add value investor to purchase with income and add value by changing use to retail, restaurant, and more. T5-O zoning also allows 65 units per acre or can be T6-8-O (150 units per acre) w Live Local Act. Opportunity Zone. Flood Zone X

Income-producing mixed-use deal! Hard-corner Miami lot, zoned T5-O for residential & commercial. 8% CAP, $4500/month rent. Huge add value potential!

Listing Code: 1114702927