Miami North
$2,350,000
220 NW 11th Ter, Miami, FL 33136
6,234 sqft
Building Size
1960
Year Built
Details:
Highlights:
- Lot Features: Less Than 1/4 Acre Lot
- Documents Available: Financial Statement, Investment Analysis, Copy Of Lease(S), Rent Rolls
- Architectural Style: Attached
- Cooling: Central Air
- Heating: Central
- Flooring: Vinyl
- Construction Materials: Concrete Block Construction
Description:
a 12-unit multifamily property located in the Overtown neighborhood of Miami, Florida. The property consists of eleven two-bedroom/one-bathroom units and one one-bedroom/one-bathroom unit across approximately 6,234 square feet of rentable area on a 7,500 SF lot zoned T6-8-O, permitting up to 8 stories of development.
The property is currently 83.3% occupied with in-place rents averaging $1,600 per month. The property's T6-8-O zoning supports future redevelopment at up to 8 stories, providing optionality for long-term investors seeking density in Miami's urban core. The generous lot size of 7,500 square feet on a corner parcel further enhances the redevelopment potential of this site.
Location
Gallery