Basics
Date added Added 8 hours ago | Category Income/MultiFamily | Type Commercial Land | Status Active |
Lot size, sq ft 13127 sq ft | SubdivisionName PALM SPRINGS AMD | ListOfficeName RE/MAX Advance Realty II | View Canal View |
ListAOR Miami Association of REALTORS® | MLS ID A11635359 |
Description
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Description:
Development Potential: approved plans: 4 units, each with 3 bedrooms and 2 bathrooms (1,600 sq ft per unit) Potential income $14,000 per month Maximum potential: (plans can be modified)to up to 12 units . Additional Considerations: Appreciation: Plans include 8 parking spaces, which may need to be increased if the number of units is maximized. Rental market: Research the local rental market to determine demand for 3/2 units and potential rental rates. Overall, this property offers significant potential for investors looking to capitalize on the growing demand for multifamily housing. Current State: Main house: 4 bedrooms, 3 bathrooms (potential rental income) Efficiency unit: 1 bedroom, 1 bathroom Land: 13,127 sq ft corner lot
Location
- CountyOrParish: Miami-Dade County
Building Details
- NewConstructionYN: No
- Building Name: PALM SPRINGS AMD
Video
- Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11635359
Amenities & Features
- WindowFeatures: Complete Impact Glass
- Waterfront available: Yes
- GarageYN: No
- AttachedGarageYN: No
- CoolingYN: No
- PoolPrivateYN: No
- FireplaceYN: No