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Natoma Park

$1,400,000

Miami, FL 33133

Active
Last Updated: 09/03/2025

2,183 sqft

Building Size

3

Units

Details:
Building Size:    2,183 sqft
Units:    3
Year Built:    1937
Floors:    1
Parking Spots:    2
Gross Leaseable Area:    1,561
Highlights:
  • Lot Features: Less Than 1/4 Acre Lot
  • Documents Available: Deposit Held, Investment Analysis, Copy Of Lease(S), Rent Rolls
  • Architectural Style: Attached
  • Cooling: Central Air
  • Heating: Central
  • Flooring: Tile
  • Construction Materials: Concrete Block Construction
Description:

RE/MAX 360 proudly presents a prime redevelopment Directly along the UNDERLINE" "1866 UNDERLINE COVERED LAND PLAY w CURRENT INCOME." This offering includes an income producing multifamily approved for two three story, luxury townhomes along "the Underline" The opportunity consists of redevelopment of the existing $5400.00 monthly and redeveloping two luxury townhomes The lots benefit from favorable T5-R zoning, which allows for development density of 65 units per acre "by right." The property sists in the TOD (transit orient development boundary) allowing for even greater density and intensity The property is currently a single-family home in the "Natoma Park" subdivision. The existing property is 2,100 ft on a 5,200 ft lot.

Map:
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