Paradise Park Amd Pl

Highlights:

• Lot Features: City Location, Less Than 1 Acre

Description:

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)

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Listing ID: A11974896