Multifamily – 8,040 sq ft in Cutler Bay, FL – Potential Development for 36 Townhouses

Category: Multifamily

Price:$1,850,000

Location: Cutler Bay, FL

Year Built: 1961

Days on Market: 77

Description:

3 duplexes with a total of 6 units; all units are 3 bedrooms and 1 bathroom. Each unit is approximately 670 square feet, and 1 duplex has new roof in 2023. All properties are located in the same block next to each other, along SW 184th Street; only a few blocks West of US-1 area; and a few blocks East of Florida’s Turnpike Highway. Covered land play with potential development of 18 Townhouses by right. Quiet neighborhood with many parks and great connectivity, including close proximity to shopping plazas and grocery stores. Adjacent to Villages of Palmetto Bay and Cutler Bay. Undervalued Opportunity with a lot of upside. Partially vacant, only 1 tenant in place. One duplex remain untouched, one duplex is partially remodeled and last one is completely renovated.

3 duplexes. 6 units. 670 sq ft. A few blocks West of US-1 area. Covered land play with potential development of 18 Townhouses by right.

Listing Code: 1084770417