2765 NW 17th Ter, Miami, FL, 33125
Fully leased six-unit multifamily opportunity totaling approximately 3,993 SF situated on a 13,275 SF lot with T6-8-O zoning. The property consists of four 1-bedroom units, two 3-bedroom units, plus additional leased parking income, providing stable in-place cash flow. The true upside lies in its redevelopment potential. Zoned T6-8-O, the site offers significant density flexibility with a conceptual redevelopment yield of up to ±42 units (subject to approvals). Eligible for Live Local incentives, this property presents a rare covered-land play with income during the planning phase. Two-story building configuration. Folio: 01-3133-008-0340. Submarket: Paradise Park. Located within the Little Havana multifamily corridor, one of Miami’s most consistently occupied rental markets with historically low vacancy. Property Overview: ±3,993 SF existing improvements Two-story multifamily building Four (4) 1-bedroom units Two (2) 3-bedroom units Additional leased parking income Fully occupied with strong in-place cash flow Folio: 01-3133-008-0340 Development Profile: Lot Size: 13,275 SF Zoning: T6-8-O Primary Zone: 6100 – Commercial Neighborhood Live Local eligible site Conceptual redevelopment potential of up to ±42 units (subject to verification and approvals)
Status:
Active
Type:
Lot / Acreage
Zoning:
6100
Subdivision:
PARADISE PARK AMD PL
Acreage:
0.31
Est. Taxes:
$17,390
Utilities
Electricity Available,Phone Available,Sewer Available,Trash Collection,Water Available
Lot Description:
<1 Acre
Days on Market:
2
MLS #:
A11974896
Community Info
School Info
Walk Score
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Listing courtesy of RE/MAX 360 Real Estate 305-602-0360