Mixed-Use Development site with Approved 152 Unit Site Plan, T-Plat, and Trafic Study. Parcel located in close proximity to SMART plan corridor, currently under analysis for possible increase of density allowance. Ideal for new and experienced developers. Seller is willing to build for buyer. Area in full expansion with many projects under development. Adjacent parcel of +/- 9 acres also for sale. Zoned Agricultural bordering the current UDB, asking $350,000/ac. Based on Proforma (attached) Total Investment $197,970/unit | $30,091,440 Expenses 31.29% NOI $2,495,191 CAP 8.29%
- Price:
- $6,000,000
- Acreage:
- 4.40
- Year Built:
- 2023
- Listing ID #:
- A11199224
- Street Address:
- 14505 Sw 260th St
- City:
- Homestead
- State:
- Florida
- Postal Code:
- 33032
- County:
- Miami-Dade
- Listing Status:
- Active
- Listing Type:
- Commercial Sale
- Building Condition:
- New Construction
- New Construction:
- Yes
- Stories:
- 6
- Total # Of Buildings:
- 2
- Year Built:
- 2023
- Year Built Description:
- New Construction
- Business Type:
- Apartments, Residential-Multi-Family
- Gross Income:
- 3631269
- Net Operating Income:
- 2495191
- Operating Expense:
- 1136078
- Conforms To Zoning:
- 7050
- Existing Land Use:
- Income Non-Waterfront
- Lot Size Units:
- Square Feet
- Lot Square Footage:
- 191664
- Days On Market:
- 63
- Included In Sale:
- Land Only, Other Sale Includes
- On Market Date:
- 2022-05-04
- Originating Mls:
- Miami Association Of Realtors®
- Previous Listing Price:
- 6800000
- Terms:
- All Cash
- Ownership:
- Other Ownership
- Property Taxes:
- $9,995
|
$
|
|
|
$
|
|
|
%
|
|
|
$
|
|
|
$
|
|
|
$
|
|
The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing provided by Brokers
Similar Properties
$6,500,000
Virtual Tour
3360 W Flagler St, Miami, FL 33135
-- SqFt
-- Beds | -- Baths
Listing provided by Keller Williams Miami Beach Realty ACTIVE
