Prices Addn To St James P

Highlights:

• Lot Features: Less Than 1/4 Acre Lot
• Documents Available: Other Available Information, Rent Rolls
• Architectural Style: Attached
• Cooling: Central Air
• Heating: Electric
• Flooring: Ceramic Floor
• Construction Materials: Concrete Block Construction, CBS Construction

Description:

Wynwood Norte development opportunity! 7,150 SF lot is Triplex Teardown zoned TR-4/NRD-2. Parcel-specific zoning information indicates a maximum potential of 22 residential units at a stated density of 150 units per acre; buyer to independently verify all zoning, density, unit-count, development, and permitting requirements with the appropriate municipality. Existing rental income includes the main unit at $950/month and the rear unit at $1,500/month. The main unit may be renovated as needed. Two tenants are reportedly willing to remain with a new owner while plans are developed and construction timing is determined. Property is being offered primarily for land value and redevelopment potential. Ideal for investors, builders, and developers seeking a Wynwood Norte opportunity. Triplex configuration, occupancy, rents, zoning, and development potential are subject to buyer verification and due diligence.

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Listing ID: A12080413