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
Listed by:
RE/MAX Advance Realty II
Source:
MIAMI MLS
Date | Days Ago | Event | New Price |
---|---|---|---|
Feb 21, 2025 | 22 days ago | Price decreased100,000 (7%) | $1,400,000 |
Sep 19, 2024 | 6 mos ago | New on market | $1,500,000 |