625 SW 18 Avenue

Highlights:

• Lot Features: Corner Unit, In Residential Area
• Building Features: Automobile Traffic, City Licenses, County Licenses, Exterior Lighting, Natural Gas, Outside Storage, Pedestrian Traffic
• Number Of Buildings: 2
• Documents Available: Aerial Photo(S), Appraisal, Drawings, Investment Analysis, Other Available Information, Owner Managed, Rent Rolls, Existing Survey
• Cooling: Wall/Window Unit(s)
• Electric: 110 Volts Power, Separate Meters
• Flooring: Tile, Vinyl
• Construction Materials: CBS Construction
• Security Features: Smoke Alarm, Security Fence
• Disclosures: Disclosure
• Ownership: Self Proprietor/Individual

Description:

Excellent investment and redevelopment opportunity in a prime location on a desirable corner lot in Little Havana. Property consists of 5 legal units currently being used as 6 units. A 1937 2 story duplex (2/1 & 2/2) and a 1954 triplex (3 -1/1 units). Fully occupied month-to-month rentals offer maximum flexibility. This allows a buyer to generate interim income to offset carrying costs while deciding whether to move forward with approved plans to cure violations, and execute a remodel or advance new redevelopment plans through the entitlement phase. Property being sold Cash strictly AS-IS with existing violations and liens. Currently zoned T4-R with a pending rezoning application to T5-0 under Miami 21, offering significant potential for future redevelopment. Architectural plans are included with sale. Buyer must conduct all due diligence and independently verify existing and proposed uses, unit count, zoning development rights, code compliance, violations, liens and the status and requirements of the pending rezoning application. Seller and Broker make no representation or guarantee that the requested T5-O rezoning will be approved. Approved plans and financials available.

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Listing ID: A12085564