MIMO Single Family with Redevelopment Potential

$880,000
For Sale
4175 Property ID
4,500 SqFt Size
2 Bedrooms
1 Bathroom

Description

Excellent Location, MIMO District Area of Miami – close to Wynwood, i95, Downtown, Beaches and Museums. This property is the definition of a Covered Land Play. It is zoned T5-L which allows for countless redevelopment opportunities. With the added leniency offered by Florida’s SB 102 “Live Local Act”, a 20-Unit Multi Family can be achieved. Property is a Single Family Home in great condition and well maintained. It has a long term tenant which pays $2750 monthly with plenty of room to increase to market rent. Please do not bother the tenant. Sellers have a survey showcasing property is 50 x 100 (5000 sq ft) but make no claims. Buyer responsible to perform his/her due diligence as to what can and will be allowed to be built at this property.

Address

  • Address 361 NE 57 Street, Miami, FL
  • Country United States
  • Province/State
  • Postal code/ZIP 33137
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Overview

  • Property ID 4175
  • Price $880,000
  • Property status
  • Bedrooms 2
  • Bathrooms 1
  • Size 4,500 SqFt
  • Land area 4,500 SqFt

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