Multifamily Building – 5,500 Square Feet in Miami, FL – Zoning for Up to 18 Units

Category: Multifamily

Price:$3,500,000

Location: Miami, FL

Year Built: 1918

Days on Market: 69

Description:

Property is an two-story building, totaling 7 living units in a 5,500 square feet lot size, according to the Miami Dade Property Appraiser. Property is located in a premium and highly sought after neighborhood which continues to grow, Edgewater; that includes the most successful projects in unit sales in recent years, besides Brickell and Downtown. Units are leased in a month-to-month basis, offering flexibility for future ownership plans. Favorable T6-36a (L) zoning designation allows up to 66,000 buildable square feet and 18 units, plus the possibility of adding up to 40% of Floor Lot Ratio (FLR) via public benefit. Perfectly located next to Biscayne Blvd., 15-minute drive to Miami Airport, and 5-minute drive toDesign District, Wynwood, Brickell and Downtown Miami.

A two-story building, totaling 7 living units in a 5,500 square feet lot size, located in a premium and highly sought-after neighborhood, Edgewater.

Listing Code: 1108494932